Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Trading 0.2% Higher – Here’s Why

Shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shot up 0.2% during trading on Monday . The company traded as high as $20.42 and last traded at $20.42. 185,559 shares were traded during mid-day trading, an increase of 46% from the average daily volume of 127,186 shares. The stock had previously closed at $20.37.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.1%

The firm has a 50-day moving average price of $20.53 and a 200 day moving average price of $20.62.

Institutional Investors Weigh In On Columbia Multi-Sector Municipal Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MUST. Foundations Investment Advisors LLC grew its holdings in Columbia Multi-Sector Municipal Income ETF by 80.0% in the 4th quarter. Foundations Investment Advisors LLC now owns 82,492 shares of the company’s stock worth $1,700,000 after acquiring an additional 36,668 shares during the last quarter. Spartan Wealth Advisory Services LLC bought a new position in Columbia Multi-Sector Municipal Income ETF in the first quarter worth $4,661,000. Private Advisor Group LLC boosted its stake in Columbia Multi-Sector Municipal Income ETF by 1,094.3% during the first quarter. Private Advisor Group LLC now owns 226,313 shares of the company’s stock worth $4,642,000 after acquiring an additional 207,363 shares in the last quarter. Genesis Private Wealth LLC boosted its position in shares of Columbia Multi-Sector Municipal Income ETF by 2.3% in the 1st quarter. Genesis Private Wealth LLC now owns 129,360 shares of the company’s stock worth $2,653,000 after purchasing an additional 2,867 shares in the last quarter. Finally, Rare Wolf Capital LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF in the fourth quarter worth $498,000.

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.