TruWealth Advisors LLC Boosts Stock Position in Columbia Multi-Sector Municipal Income ETF $MUST

TruWealth Advisors LLC increased its stake in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 290,982 shares of the company’s stock after purchasing an additional 34,523 shares during the quarter. TruWealth Advisors LLC’s holdings in Columbia Multi-Sector Municipal Income ETF were worth $5,997,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Global Wealth Strategies & Associates grew its holdings in Columbia Multi-Sector Municipal Income ETF by 4.4% during the 4th quarter. Global Wealth Strategies & Associates now owns 154,138 shares of the company’s stock valued at $3,177,000 after buying an additional 6,446 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Columbia Multi-Sector Municipal Income ETF by 56.0% in the third quarter. JPMorgan Chase & Co. now owns 109,985 shares of the company’s stock valued at $2,258,000 after acquiring an additional 39,501 shares during the period. Advisory Services Network LLC grew its stake in Columbia Multi-Sector Municipal Income ETF by 4.7% during the third quarter. Advisory Services Network LLC now owns 25,209 shares of the company’s stock valued at $518,000 after acquiring an additional 1,141 shares in the last quarter. Vertex Planning Partners LLC grew its stake in Columbia Multi-Sector Municipal Income ETF by 22.6% during the third quarter. Vertex Planning Partners LLC now owns 15,076 shares of the company’s stock valued at $310,000 after acquiring an additional 2,782 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF during the 3rd quarter worth approximately $1,749,000.

Columbia Multi-Sector Municipal Income ETF Trading Down 1.0%

NYSEARCA MUST opened at $20.50 on Friday. Columbia Multi-Sector Municipal Income ETF has a 1 year low of $19.00 and a 1 year high of $22.10. The company’s 50 day simple moving average is $20.85 and its two-hundred day simple moving average is $20.68.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

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

Columbia Multi-Sector Municipal Income ETF 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.