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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw an uptick in trading volume on Tuesday . Approximately 764,118 shares were traded during trading, an increase of 479% from the previous session’s volume of 131,927 shares.The stock last traded at $19.6460 and had previously closed at $19.62.

Columbia Multi-Sector Municipal Income ETF Price Performance

The firm has a fifty day moving average of $20.20 and a two-hundred day moving average of $20.46.

Hedge Funds Weigh In On Columbia Multi-Sector Municipal Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC lifted its stake in Columbia Multi-Sector Municipal Income ETF by 2,712.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock worth $8,529,000 after purchasing an additional 395,450 shares in the last quarter. Waverly Advisors LLC grew its position in shares of Columbia Multi-Sector Municipal Income ETF by 2,962.7% during the 2nd quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock valued at $6,963,000 after purchasing an additional 323,827 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 27.1% in the first quarter. Bank of America Corp DE now owns 1,423,161 shares of the company’s stock worth $29,189,000 after purchasing an additional 303,189 shares during the period. Spartan Wealth Advisory Services LLC bought a new position in shares of Columbia Multi-Sector Municipal Income ETF in the first quarter worth $4,661,000. Finally, Private Advisor Group LLC increased its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 1,094.3% in the first quarter. Private Advisor Group LLC now owns 226,313 shares of the company’s stock worth $4,642,000 after purchasing an additional 207,363 shares during the period.

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.