Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Trading 0.6% Higher – Here’s What Happened

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)’s share price traded up 0.6% during mid-day trading on Monday . The company traded as high as $20.74 and last traded at $20.74. Approximately 144,371 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 128,643 shares. The stock had previously closed at $20.62.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The business’s 50 day simple moving average is $20.56 and its two-hundred day simple moving average is $20.67.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUST. Integrated Wealth Concepts LLC increased its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 12.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,205 shares of the company’s stock worth $286,000 after purchasing an additional 1,578 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Columbia Multi-Sector Municipal Income ETF by 48.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 70,484 shares of the company’s stock worth $1,418,000 after buying an additional 22,929 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Columbia Multi-Sector Municipal Income ETF by 18.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock worth $69,000 after buying an additional 525 shares in the last quarter. Raymond James Financial Inc. raised its position in Columbia Multi-Sector Municipal Income ETF by 277.3% in the 2nd quarter. Raymond James Financial Inc. now owns 233,038 shares of the company’s stock worth $4,689,000 after buying an additional 171,272 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Columbia Multi-Sector Municipal Income ETF during the 2nd quarter valued at about $4,425,000.

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.