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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares saw unusually-high trading volume on Thursday. Approximately 319,315 shares traded hands during 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 Stock Performance

The company’s 50 day moving average price is $19.93 and its 200 day moving average price is $20.33.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in Columbia Multi-Sector Municipal Income ETF by 199.1% in the second quarter. Integrated Wealth Concepts LLC now owns 41,073 shares of the company’s stock valued at $854,000 after acquiring an additional 27,340 shares during the last quarter. Waverly Advisors LLC raised its holdings in 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 worth $6,963,000 after purchasing an additional 323,827 shares during the last quarter. Vested Financial Planning LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF during the 2nd quarter worth about $539,000. Concurrent Investment Advisors LLC lifted its position in Columbia Multi-Sector Municipal Income ETF by 2,712.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock valued at $8,529,000 after purchasing an additional 395,450 shares during the period. Finally, Global Wealth Strategies & Associates lifted its position in Columbia Multi-Sector Municipal Income ETF by 7.2% during the 2nd quarter. Global Wealth Strategies & Associates now owns 176,439 shares of the company’s stock valued at $3,670,000 after purchasing an additional 11,917 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.