Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Large Volume Increase – Should You Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw strong trading volume on Wednesday . 312,359 shares changed hands during mid-day trading, an increase of 135% from the previous session’s volume of 132,862 shares.The stock last traded at $20.45 and had previously closed at $20.44.

Columbia Multi-Sector Municipal Income ETF Price Performance

The company’s 50 day simple moving average is $20.79 and its 200 day simple moving average is $20.69.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.0464 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 2.7%.

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

Large investors have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the third quarter worth about $569,000. GeoWealth Management LLC acquired a new stake in Columbia Multi-Sector Municipal Income ETF in the second quarter valued at approximately $1,610,000. ARQ Wealth Advisors LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF in the second quarter worth approximately $2,927,000. Osaic Holdings Inc. grew its holdings in Columbia Multi-Sector Municipal Income ETF by 37.2% during the 2nd quarter. Osaic Holdings Inc. now owns 182,872 shares of the company’s stock worth $3,679,000 after acquiring an additional 49,614 shares in the last quarter. Finally, Haven Private LLC grew its holdings in Columbia Multi-Sector Municipal Income ETF by 6.2% during the 3rd quarter. Haven Private LLC now owns 872,432 shares of the company’s stock worth $17,911,000 after acquiring an additional 50,839 shares in the last quarter.

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.