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

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

Columbia Multi-Sector Municipal Income ETF Stock Performance

The firm’s 50 day simple moving average is $20.31 and its 200 day simple moving average is $20.51.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MUST. Kestra Advisory Services LLC purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the fourth quarter valued at $56,000. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 525 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF in the 1st quarter valued at about $214,000. Waverly Advisors LLC purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the first quarter worth about $224,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the third quarter worth about $263,000.

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.