Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sets New 12-Month Low – Time to Sell?

Shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUSTGet Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $19.88 and last traded at $19.91, with a volume of 82171 shares trading hands. The stock had previously closed at $20.08.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The business’s 50 day simple moving average is $20.39 and its two-hundred day simple moving average is $20.55.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vested Financial Planning LLC bought a new position in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter valued at approximately $539,000. Concurrent Investment Advisors LLC increased its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 2,712.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock worth $8,529,000 after purchasing an additional 395,450 shares in the last quarter. Global Wealth Strategies & Associates increased its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 7.2% in the 2nd quarter. Global Wealth Strategies & Associates now owns 176,439 shares of the company’s stock worth $3,670,000 after purchasing an additional 11,917 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Columbia Multi-Sector Municipal Income ETF by 27.1% in the first quarter. Bank of America Corp DE now owns 1,423,161 shares of the company’s stock worth $29,189,000 after purchasing an additional 303,189 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF in the first quarter worth $224,000.

About Columbia Multi-Sector Municipal Income ETF

(Get Free Report)

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.

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