Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $19.56 and last traded at $19.62, with a volume of 132007 shares changing hands. The stock had previously closed at $19.69.
Columbia Multi-Sector Municipal Income ETF Stock Performance
The company’s 50 day moving average is $20.27 and its 200 day moving average is $20.49.
Institutional Trading of Columbia Multi-Sector Municipal Income ETF
Several institutional investors and hedge funds have recently made changes to their positions in MUST. Bank of America Corp DE increased its position in Columbia Multi-Sector Municipal Income ETF by 27.1% during the first quarter. Bank of America Corp DE now owns 1,423,161 shares of the company’s stock worth $29,189,000 after buying an additional 303,189 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 2,712.1% in the second quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock valued at $8,529,000 after acquiring an additional 395,450 shares during the period. Waverly Advisors LLC boosted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 2,962.7% in the second quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock valued at $6,963,000 after acquiring an additional 323,827 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Columbia Multi-Sector Municipal Income ETF by 2.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 280,319 shares of the company’s stock worth $5,777,000 after acquiring an additional 7,856 shares during the last quarter. Finally, Spartan Wealth Advisory Services LLC acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF in the 1st quarter valued at $4,661,000.
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.
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