Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Reaches New 1-Year Low – Here’s Why

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) reached a new 52-week low during trading on Tuesday . The company traded as low as $19.88 and last traded at $19.91, with a volume of 82171 shares. The stock had previously closed at $20.08.

Columbia Multi-Sector Municipal Income ETF Stock Down 0.5%

The company has a 50 day simple moving average of $20.42 and a two-hundred day simple moving average of $20.56.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF in the 4th quarter valued at $56,000. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $69,000 after purchasing an additional 525 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Columbia Multi-Sector Municipal Income ETF by 53.7% during the fourth quarter. Farther Finance Advisors LLC now owns 6,136 shares of the company’s stock valued at $126,000 after purchasing an additional 2,143 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF during the first quarter valued at about $214,000. Finally, Waverly Advisors LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the first quarter worth about $224,000.

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.