Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Trading Down 0.2% – Should You Sell?

Shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUSTGet Free Report) were down 0.2% on Thursday . The company traded as low as $20.79 and last traded at $20.80. Approximately 169,433 shares traded hands during trading, an increase of 17% from the average daily volume of 144,943 shares. The stock had previously closed at $20.85.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.5%

The business’s fifty day simple moving average is $20.71 and its two-hundred day simple moving average is $20.50.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.0587 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MUST. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the third quarter worth approximately $569,000. GeoWealth Management LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 2nd quarter worth $1,610,000. CENTRAL TRUST Co raised its position in Columbia Multi-Sector Municipal Income ETF by 3.3% in the second quarter. CENTRAL TRUST Co now owns 123,555 shares of the company’s stock worth $2,486,000 after acquiring an additional 3,920 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 2nd quarter worth approximately $241,000. Finally, ARQ Wealth Advisors LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF during the second quarter worth approximately $2,927,000.

Columbia Multi-Sector Municipal Income ETF Company Profile

(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.

Further Reading

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