Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Trading Up 0.2% – Should You Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)’s share price traded up 0.2% during mid-day trading on Monday . The stock traded as high as $20.42 and last traded at $20.42. 185,559 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 127,186 shares. The stock had previously closed at $20.37.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.2%

The stock’s 50 day moving average is $20.53 and its 200 day moving average is $20.62.

Hedge Funds Weigh In On Columbia Multi-Sector Municipal Income ETF

Several hedge funds have recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 37.8% in the fourth quarter. Morgan Stanley now owns 4,946,952 shares of the company’s stock valued at $101,957,000 after buying an additional 1,357,813 shares during the period. LPL Financial LLC boosted its stake in Columbia Multi-Sector Municipal Income ETF by 12.2% during the fourth quarter. LPL Financial LLC now owns 2,825,989 shares of the company’s stock valued at $58,244,000 after buying an additional 307,179 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Columbia Multi-Sector Municipal Income ETF by 6.4% during the third quarter. Ameriprise Financial Inc. now owns 2,764,341 shares of the company’s stock worth $56,756,000 after acquiring an additional 165,244 shares during the period. Bank of America Corp DE grew its holdings 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 acquiring an additional 303,189 shares during the period. Finally, Haven Private LLC raised its position in Columbia Multi-Sector Municipal Income ETF by 9.6% in the fourth quarter. Haven Private LLC now owns 956,523 shares of the company’s stock worth $19,714,000 after acquiring an additional 84,091 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.