Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sets New 12-Month Low – Time to Sell?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $19.87 and last traded at $19.8940, with a volume of 196467 shares trading hands. The stock had previously closed at $19.91.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.1%

The firm’s fifty day moving average is $20.35 and its 200-day moving average is $20.53.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

Institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 12.5% in the first quarter. Integrated Wealth Concepts LLC now owns 14,205 shares of the company’s stock valued at $286,000 after buying an additional 1,578 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 48.2% in the second quarter. JPMorgan Chase & Co. now owns 70,484 shares of the company’s stock valued at $1,418,000 after acquiring an additional 22,929 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of 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 worth $69,000 after purchasing an additional 525 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Columbia Multi-Sector Municipal Income ETF by 277.3% during the 2nd quarter. Raymond James Financial Inc. now owns 233,038 shares of the company’s stock worth $4,689,000 after purchasing an additional 171,272 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 2nd quarter worth $4,425,000.

Columbia Multi-Sector Municipal Income ETF Company Profile

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.