Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Stock Price Down 0.1% – What’s Next?

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL)’s share price traded down 0.1% during mid-day trading on Tuesday . The company traded as low as $18.47 and last traded at $18.47. 53,295 shares were traded during mid-day trading, a decline of 48% from the average session volume of 102,553 shares. The stock had previously closed at $18.48.

Columbia Diversified Fixed Income Allocation ETF Stock Down 0.1%

The firm’s fifty day simple moving average is $18.40 and its 200-day simple moving average is $18.35.

Institutional Investors Weigh In On Columbia Diversified Fixed Income Allocation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIAL. Sunbelt Securities Inc. purchased a new stake in Columbia Diversified Fixed Income Allocation ETF during the third quarter valued at $26,000. Ameritas Advisory Services LLC bought a new stake in shares of Columbia Diversified Fixed Income Allocation ETF during the 2nd quarter valued at about $64,000. Morgan Dempsey Capital Management LLC grew its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 13.9% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 6,888 shares of the company’s stock valued at $125,000 after purchasing an additional 842 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Columbia Diversified Fixed Income Allocation ETF during the 3rd quarter valued at about $144,000. Finally, 5T Wealth LLC bought a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 2.16% of the company’s stock.

Columbia Diversified Fixed Income Allocation ETF Company Profile

The Columbia Diversified Fixed Income Allocation ETF (DIAL) is an exchange-traded fund that is based on the Beta Advantage Multi-Sector Bond index. The fund tracks an index comprised of six sub-indexes, each representing a different sector within the fixed income space. The index allocates fixed weights to each of the six sectors. DIAL was launched on Oct 12, 2017 and is managed by Columbia.