Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Trading Down 0.5% – Should You Sell?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)’s share price was down 0.5% during trading on Wednesday . The company traded as low as $20.56 and last traded at $20.58. Approximately 159,018 shares traded hands during trading, an increase of 13% from the average daily volume of 140,896 shares. The stock had previously closed at $20.69.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The company’s 50 day moving average price is $20.86 and its two-hundred day moving average price is $20.67.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

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

Hedge Funds Weigh In On Columbia Multi-Sector Municipal Income ETF

Institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in Columbia Multi-Sector Municipal Income ETF by 37.8% during the 4th quarter. Morgan Stanley now owns 4,946,952 shares of the company’s stock worth $101,957,000 after purchasing an additional 1,357,813 shares during the last quarter. LPL Financial LLC grew its holdings in Columbia Multi-Sector Municipal Income ETF by 12.2% during the fourth quarter. LPL Financial LLC now owns 2,825,989 shares of the company’s stock worth $58,244,000 after acquiring an additional 307,179 shares during the period. Jane Street Group LLC purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 2nd quarter valued at approximately $4,425,000. Raymond James Financial Inc. raised its position in shares of Columbia Multi-Sector Municipal Income ETF by 277.3% in the second quarter. Raymond James Financial Inc. now owns 233,038 shares of the company’s stock worth $4,689,000 after acquiring an additional 171,272 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Columbia Multi-Sector Municipal Income ETF by 7.0% during the second quarter. Ameriprise Financial Inc. now owns 2,599,097 shares of the company’s stock worth $52,284,000 after purchasing an additional 169,761 shares in the last quarter.

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.