Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Unusually-High Trading Volume – Should You Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw unusually-high trading volume on Thursday . Approximately 575,719 shares changed hands during mid-day trading, an increase of 345% from the previous session’s volume of 129,383 shares.The stock last traded at $20.68 and had previously closed at $20.67.

Columbia Multi-Sector Municipal Income ETF Price Performance

The company’s 50 day simple moving average is $20.62 and its 200 day simple moving average is $20.30.

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

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in Columbia Multi-Sector Municipal Income ETF in the second quarter valued at $4,425,000. Raymond James Financial Inc. boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 277.3% during the second quarter. Raymond James Financial Inc. now owns 233,038 shares of the company’s stock worth $4,689,000 after buying an additional 171,272 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 7.0% during the second quarter. Ameriprise Financial Inc. now owns 2,599,097 shares of the company’s stock worth $52,284,000 after buying an additional 169,761 shares during the last quarter. ARQ Wealth Advisors LLC acquired a new position in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter valued at about $2,927,000. Finally, Bank of America Corp DE increased its position in Columbia Multi-Sector Municipal Income ETF by 10.0% in the 2nd quarter. Bank of America Corp DE now owns 1,069,403 shares of the company’s stock valued at $21,516,000 after acquiring an additional 96,794 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.