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

Shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw an uptick in trading volume on Thursday. 214,483 shares changed hands during trading, an increase of 27% from the average daily volume of 168,394 shares. The stock last traded at $19.8770 and had previously closed at $19.76.

Columbia Multi-Sector Municipal Income ETF Price Performance

The business has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $20.34.

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

Several hedge funds and other institutional investors have recently modified their holdings of MUST. Ascentis Independent Advisors bought a new stake in Columbia Multi-Sector Municipal Income ETF during the first quarter valued at about $214,000. Waverly Advisors LLC purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the first quarter worth about $224,000. Robertson Stephens Wealth Management LLC purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 3rd quarter valued at about $278,000. Joseph Group Capital Management purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 3rd quarter valued at about $466,000. Finally, Fifth Third Bancorp bought a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 1st quarter valued at approximately $467,000.

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.