Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Stock Price Down 0.5% – Here’s What Happened

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) traded down 0.5% during trading on Wednesday . The stock traded as low as $20.56 and last traded at $20.58. 159,018 shares changed hands during trading, an increase of 13% from the average session volume of 140,896 shares. The stock had previously closed at $20.69.

Columbia Multi-Sector Municipal Income ETF Stock Down 0.5%

The stock has a 50 day moving average price of $20.86 and a 200 day moving average price of $20.67.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0464 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

A number of hedge funds have recently bought and sold shares of MUST. Rare Wolf Capital LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 4th quarter worth approximately $498,000. Cetera Investment Advisers raised its position in shares of Columbia Multi-Sector Municipal Income ETF by 14.2% during the 4th quarter. Cetera Investment Advisers now owns 124,495 shares of the company’s stock valued at $2,566,000 after buying an additional 15,489 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Columbia Multi-Sector Municipal Income ETF by 23.4% in the fourth quarter. Osaic Holdings Inc. now owns 206,523 shares of the company’s stock worth $4,256,000 after buying an additional 39,178 shares in the last quarter. Captrust Financial Advisors boosted its position in Columbia Multi-Sector Municipal Income ETF by 10.4% during the fourth quarter. Captrust Financial Advisors now owns 140,023 shares of the company’s stock valued at $2,886,000 after buying an additional 13,223 shares during the period. Finally, &PARTNERS increased its stake in Columbia Multi-Sector Municipal Income ETF by 5.8% in the 4th quarter. &PARTNERS now owns 22,769 shares of the company’s stock worth $469,000 after purchasing an additional 1,246 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.