Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Strong Trading Volume – Still a Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw an uptick in trading volume on Wednesday . 962,434 shares traded hands during trading, an increase of 555% from the previous session’s volume of 146,936 shares.The stock last traded at $21.0240 and had previously closed at $21.08.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The stock has a 50 day moving average price of $20.81 and a 200-day moving average price of $20.59.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.0587 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On Columbia Multi-Sector Municipal Income ETF

Several institutional investors have recently added to or reduced their stakes in MUST. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 525 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 1.1% in the third quarter. Envestnet Asset Management Inc. now owns 53,540 shares of the company’s stock worth $1,099,000 after purchasing an additional 561 shares during the last quarter. Arbor Capital Management Inc. ADV increased its holdings in Columbia Multi-Sector Municipal Income ETF by 0.8% during the 2nd quarter. Arbor Capital Management Inc. ADV now owns 74,608 shares of the company’s stock valued at $1,497,000 after purchasing an additional 612 shares during the period. OneAscent Financial Services LLC raised its position in Columbia Multi-Sector Municipal Income ETF by 3.6% during the 3rd quarter. OneAscent Financial Services LLC now owns 23,105 shares of the company’s stock valued at $474,000 after purchasing an additional 813 shares during the last quarter. Finally, Frederick Financial Consultants LLC lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 0.7% in the 4th quarter. Frederick Financial Consultants LLC now owns 137,483 shares of the company’s stock worth $2,834,000 after buying an additional 1,012 shares during the period.

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.