Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Stock Price Down 0.4% – Here’s Why

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL)’s share price traded down 0.4% on Tuesday . The company traded as low as $18.04 and last traded at $18.05. 54,361 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 95,376 shares. The stock had previously closed at $18.12.

Columbia Diversified Fixed Income Allocation ETF Stock Performance

The company’s fifty day moving average is $18.15 and its 200-day moving average is $18.28.

Institutional Investors Weigh In On Columbia Diversified Fixed Income Allocation ETF

Hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the third quarter worth about $26,000. Advisory Services Network LLC bought a new stake in Columbia Diversified Fixed Income Allocation ETF during the 3rd quarter valued at approximately $144,000. Kestra Advisory Services LLC bought a new stake in Columbia Diversified Fixed Income Allocation ETF during the 4th quarter valued at approximately $152,000. Cornerstone Planning Group LLC acquired a new stake in Columbia Diversified Fixed Income Allocation ETF in the 4th quarter valued at approximately $159,000. Finally, 5T Wealth LLC acquired a new stake in Columbia Diversified Fixed Income Allocation ETF in the 4th quarter valued at approximately $202,000. 2.16% of the stock is currently owned by institutional investors.

About Columbia Diversified Fixed Income Allocation ETF

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.