Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Reaches New 1-Year Low – Here’s Why

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)’s stock price reached a new 52-week low during mid-day 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 Down 0.5%

The stock has a fifty day moving average price of $20.42 and a 200 day moving average price of $20.56.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vested Financial Planning LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 2nd quarter worth about $539,000. Concurrent Investment Advisors LLC raised its position 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 worth $8,529,000 after purchasing an additional 395,450 shares during the period. Global Wealth Strategies & Associates raised its position in 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 during the period. Bank of America Corp DE lifted its stake in 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 bought a new stake in Columbia Multi-Sector Municipal Income ETF in the first quarter worth about $224,000.

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.