Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Trading Up 0.6% – Time to Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) traded up 0.6% during trading on Monday . The company traded as high as $20.74 and last traded at $20.74. Approximately 144,371 shares traded hands during trading, an increase of 12% from the average daily volume of 128,643 shares. The stock had previously closed at $20.62.

Columbia Multi-Sector Municipal Income ETF Trading Down 0.2%

The business’s 50-day simple moving average is $20.56 and its two-hundred day simple moving average is $20.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Columbia Multi-Sector Municipal Income ETF by 18.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock valued at $69,000 after purchasing an additional 525 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 1.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 53,540 shares of the company’s stock worth $1,099,000 after buying an additional 561 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Columbia Multi-Sector Municipal Income ETF by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,281 shares of the company’s stock worth $662,000 after buying an additional 915 shares during the last quarter. Frederick Financial Consultants LLC grew its position in shares of Columbia Multi-Sector Municipal Income ETF by 0.7% in the 4th quarter. Frederick Financial Consultants LLC now owns 137,483 shares of the company’s stock worth $2,834,000 after buying an additional 1,012 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 4.7% during the third quarter. Advisory Services Network LLC now owns 25,209 shares of the company’s stock valued at $518,000 after buying an additional 1,141 shares during the period.

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.