Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Strong Trading Volume – Here’s Why

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares saw strong trading volume on Thursday. 319,315 shares traded hands during mid-day trading, an increase of 121% from the previous session’s volume of 144,366 shares. The stock last traded at $19.18 and had previously closed at $19.12.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.3%

The company has a 50 day moving average of $19.97 and a 200-day moving average of $20.35.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF in the first quarter valued at approximately $214,000. Waverly Advisors LLC acquired a new stake in Columbia Multi-Sector Municipal Income ETF during the 1st quarter worth approximately $224,000. Fifth Third Bancorp acquired a new stake in Columbia Multi-Sector Municipal Income ETF during the 1st quarter worth approximately $467,000. Rare Wolf Capital LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF in the 4th quarter valued at approximately $498,000. Finally, Vested Financial Planning LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter valued at approximately $539,000.

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.