Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Large Volume Increase – Here’s Why

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares saw unusually-strong trading volume on Thursday. 319,315 shares were traded during trading, an increase of 121% from the previous session’s volume of 144,366 shares. The stock last traded at $19.18 and had previously closed at $19.12.

Columbia Multi-Sector Municipal Income ETF Price Performance

The company’s 50-day moving average price is $19.97 and its 200-day moving average price is $20.35.

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

Several institutional investors have recently bought and sold shares of MUST. Concurrent Investment Advisors LLC grew its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 2,712.1% in the second quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock valued at $8,529,000 after purchasing an additional 395,450 shares during the period. Waverly Advisors LLC increased its position in Columbia Multi-Sector Municipal Income ETF by 2,962.7% during the second quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock worth $6,963,000 after purchasing an additional 323,827 shares during the last quarter. Bank of America Corp DE raised its stake 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 purchasing an additional 303,189 shares during the period. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 1st quarter valued at approximately $4,661,000. Finally, Private Advisor Group LLC grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 1,094.3% in the 1st quarter. Private Advisor Group LLC now owns 226,313 shares of the company’s stock valued at $4,642,000 after buying an additional 207,363 shares during the period.

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.