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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw an uptick in trading volume on Monday. 247,941 shares changed hands during trading, an increase of 62% from the previous session’s volume of 153,314 shares. The stock last traded at $19.26 and had previously closed at $19.26.

Columbia Multi-Sector Municipal Income ETF Trading Down 0.1%

The firm has a 50-day moving average of $19.82 and a two-hundred day moving average of $20.28.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of 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. Concurrent Investment Advisors LLC increased its stake in 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 valued at $8,529,000 after buying an additional 395,450 shares during the period. Waverly Advisors LLC increased its stake in Columbia Multi-Sector Municipal Income ETF by 2,962.7% in the 2nd quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock valued at $6,963,000 after buying an additional 323,827 shares during the period. Spartan Wealth Advisory Services LLC acquired a new position in Columbia Multi-Sector Municipal Income ETF in the 1st quarter valued at approximately $4,661,000. Finally, Private Advisor Group LLC increased its stake in 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.