Foundations Investment Advisors LLC Purchases 36,668 Shares of Columbia Multi-Sector Municipal Income ETF $MUST

Foundations Investment Advisors LLC boosted its position in shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 80.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 82,492 shares of the company’s stock after acquiring an additional 36,668 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Columbia Multi-Sector Municipal Income ETF were worth $1,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP raised its holdings in Columbia Multi-Sector Municipal Income ETF by 11.8% during the 4th quarter. Baker Avenue Asset Management LP now owns 151,957 shares of the company’s stock valued at $3,132,000 after buying an additional 16,038 shares during the last quarter. Prospera Financial Services Inc bought a new stake in Columbia Multi-Sector Municipal Income ETF during the 4th quarter valued at $425,000. EverSource Wealth Advisors LLC raised its holdings in Columbia Multi-Sector Municipal Income ETF by 8.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,388 shares of the company’s stock valued at $193,000 after buying an additional 729 shares during the last quarter. CENTRAL TRUST Co raised its holdings in Columbia Multi-Sector Municipal Income ETF by 7.5% during the 4th quarter. CENTRAL TRUST Co now owns 136,207 shares of the company’s stock valued at $2,807,000 after buying an additional 9,447 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in Columbia Multi-Sector Municipal Income ETF by 11.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 15,165 shares of the company’s stock valued at $313,000 after buying an additional 1,520 shares during the last quarter.

Columbia Multi-Sector Municipal Income ETF Stock Performance

Shares of NYSEARCA MUST opened at $20.63 on Friday. Columbia Multi-Sector Municipal Income ETF has a 12 month low of $19.83 and a 12 month high of $22.10. The firm has a fifty day simple moving average of $20.51 and a two-hundred day simple moving average of $20.67.

About Columbia Multi-Sector Municipal Income ETF

The Columbia Multi-Sector Municipal Income ETF (MUST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with fixed-weight exposure to multiple sectors of the US municipal bond market. Each sector is market-value weighted. MUST was launched on Oct 10, 2018 and is managed by Columbia.