Royal Bank of Canada Sells 84,024 Shares of Columbia Multi-Sector Municipal Income ETF $MUST

Royal Bank of Canada cut its holdings in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 25.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,147 shares of the company’s stock after selling 84,024 shares during the period. Royal Bank of Canada owned about 0.84% of Columbia Multi-Sector Municipal Income ETF worth $4,987,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 4th quarter worth approximately $56,000. EverSource Wealth Advisors LLC raised its stake in shares of Columbia Multi-Sector Municipal Income ETF by 18.2% in the second 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 period. Farther Finance Advisors LLC lifted its position in shares of Columbia Multi-Sector Municipal Income ETF by 53.7% during the 4th quarter. Farther Finance Advisors LLC now owns 6,136 shares of the company’s stock valued at $126,000 after buying an additional 2,143 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 1st quarter worth $214,000. Finally, Waverly Advisors LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF in the 1st quarter valued at about $224,000.

Columbia Multi-Sector Municipal Income ETF Stock Up 0.1%

NYSEARCA MUST opened at $20.39 on Thursday. Columbia Multi-Sector Municipal Income ETF has a 52 week low of $19.88 and a 52 week high of $21.10. The firm’s 50-day simple moving average is $20.52 and its two-hundred day simple moving average is $20.62.

Columbia Multi-Sector Municipal Income ETF 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.