Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $17.46 and traded as low as $17.43. Columbia Diversified Fixed Income Allocation ETF shares last traded at $17.45, with a volume of 31,399 shares changing hands.

Columbia Diversified Fixed Income Allocation ETF Price Performance

The business has a 50-day moving average of $17.46 and a 200-day moving average of $17.99.

Hedge Funds Weigh In On Columbia Diversified Fixed Income Allocation ETF

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its position in Columbia Diversified Fixed Income Allocation ETF by 33.6% in the 1st quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock valued at $22,302,000 after purchasing an additional 310,190 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Columbia Diversified Fixed Income Allocation ETF by 1,343.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 209,952 shares of the company’s stock worth $3,815,000 after purchasing an additional 195,411 shares during the last quarter. Royal Bank of Canada grew its position in Columbia Diversified Fixed Income Allocation ETF by 13.9% during the 1st quarter. Royal Bank of Canada now owns 235,193 shares of the company’s stock worth $4,253,000 after purchasing an additional 28,691 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in Columbia Diversified Fixed Income Allocation ETF during the 3rd quarter worth $224,000. Finally, Private Advisor Group LLC increased its stake in Columbia Diversified Fixed Income Allocation ETF by 5.6% in the third quarter. Private Advisor Group LLC now owns 98,615 shares of the company’s stock valued at $1,696,000 after purchasing an additional 5,272 shares during the period. 2.16% of the stock is currently owned by hedge funds and other 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.