Convergence Financial LLC Invests $5.82 Million in Columbia Diversified Fixed Income Allocation ETF $DIAL

Convergence Financial LLC bought a new position in shares of Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 315,253 shares of the company’s stock, valued at approximately $5,816,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hobart Private Capital LLC acquired a new position in Columbia Diversified Fixed Income Allocation ETF during the 3rd quarter worth approximately $5,620,000. Jane Street Group LLC lifted its position in shares of Columbia Diversified Fixed Income Allocation ETF by 224.8% during the 1st quarter. Jane Street Group LLC now owns 133,697 shares of the company’s stock worth $2,391,000 after purchasing an additional 92,531 shares during the last quarter. Millington Financial Advisors LLC grew its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 15.2% during the second quarter. Millington Financial Advisors LLC now owns 70,761 shares of the company’s stock worth $1,281,000 after purchasing an additional 9,361 shares in the last quarter. Royal Bank of Canada increased its holdings in Columbia Diversified Fixed Income Allocation ETF by 1.8% in the first quarter. Royal Bank of Canada now owns 172,073 shares of the company’s stock valued at $3,077,000 after buying an additional 3,023 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Columbia Diversified Fixed Income Allocation ETF by 3.5% in the second quarter. Cetera Investment Advisers now owns 84,809 shares of the company’s stock valued at $1,544,000 after buying an additional 2,907 shares in the last quarter. Hedge funds and other institutional investors own 2.16% of the company’s stock.

Columbia Diversified Fixed Income Allocation ETF Price Performance

Shares of NYSEARCA DIAL opened at $18.58 on Friday. The business has a 50-day moving average of $18.44 and a two-hundred day moving average of $18.40. Columbia Diversified Fixed Income Allocation ETF has a 1 year low of $17.27 and a 1 year high of $18.60.

Columbia Diversified Fixed Income Allocation ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.076 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, February 2nd.

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.