Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Unusually-High Trading Volume – Here’s Why

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares saw an uptick in trading volume on Monday . 369,954 shares changed hands during trading, an increase of 185% from the previous session’s volume of 129,785 shares.The stock last traded at $20.49 and had previously closed at $20.63.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The firm’s 50-day moving average is $20.50 and its two-hundred day moving average is $20.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 4th quarter worth about $56,000. EverSource Wealth Advisors LLC raised its position in shares of Columbia Multi-Sector Municipal Income ETF by 18.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock worth $69,000 after purchasing an additional 525 shares during the last quarter. Farther Finance Advisors LLC raised 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 worth $126,000 after purchasing an additional 2,143 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 3rd quarter worth about $208,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 1st quarter worth about $214,000.

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.