Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Strong Trading Volume – Still a Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares saw an uptick in trading volume on Wednesday . 312,359 shares changed hands during mid-day trading, an increase of 135% from the previous session’s volume of 132,862 shares.The stock last traded at $20.45 and had previously closed at $20.44.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The stock has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $20.69.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.0464 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 4th quarter valued at $56,000. EverSource Wealth Advisors LLC boosted its holdings in Columbia Multi-Sector Municipal Income ETF by 18.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock valued at $69,000 after purchasing an additional 525 shares during the last quarter. Private Trust Co. NA purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the third quarter valued at $111,000. Farther Finance Advisors LLC grew its position in 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 period. Finally, Truist Financial Corp acquired a new stake in Columbia Multi-Sector Municipal Income ETF during the 3rd quarter worth about $208,000.

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.