Frederick Financial Consultants LLC Invests $2.55 Million in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

Frederick Financial Consultants LLC acquired a new stake in shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 125,399 shares of the company’s stock, valued at approximately $2,547,000. Columbia Multi-Sector Municipal Income ETF comprises about 2.0% of Frederick Financial Consultants LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MUST. Haven Private LLC purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the fourth quarter valued at $13,951,000. Raymond James Financial Inc. purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 4th quarter worth about $6,501,000. BlueStem Wealth Partners LLC acquired a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the fourth quarter worth approximately $4,434,000. JPMorgan Chase & Co. grew its holdings in Columbia Multi-Sector Municipal Income ETF by 432.4% in the third quarter. JPMorgan Chase & Co. now owns 186,477 shares of the company’s stock valued at $3,875,000 after purchasing an additional 151,451 shares during the period. Finally, LPL Financial LLC increased its position in Columbia Multi-Sector Municipal Income ETF by 10.2% during the fourth quarter. LPL Financial LLC now owns 1,393,378 shares of the company’s stock worth $28,300,000 after purchasing an additional 129,005 shares during the last quarter.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.7 %

Shares of MUST opened at $19.84 on Friday. Columbia Multi-Sector Municipal Income ETF has a fifty-two week low of $19.01 and a fifty-two week high of $20.94. The company’s fifty day moving average is $20.20 and its two-hundred day moving average is $20.40.

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.