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) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty 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.

Columbia Diversified Fixed Income Allocation ETF Price Performance

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DIAL. Bank of America Corp DE raised its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 33.6% during the first quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock worth $22,302,000 after purchasing an additional 310,190 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 13.9% during the first 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 period. Concurrent Investment Advisors LLC grew its position in Columbia Diversified Fixed Income Allocation ETF by 1,343.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 209,952 shares of the company’s stock valued at $3,815,000 after buying an additional 195,411 shares during the last quarter. Private Advisor Group LLC grew its position in Columbia Diversified Fixed Income Allocation ETF by 5.6% in the 3rd quarter. Private Advisor Group LLC now owns 98,615 shares of the company’s stock valued at $1,696,000 after buying an additional 5,272 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in Columbia Diversified Fixed Income Allocation ETF in the 3rd quarter valued at $224,000. Institutional investors and hedge funds own 2.16% of the company’s stock.

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.