Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Large Volume Increase – Time to Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw unusually-strong trading volume on Tuesday . Approximately 176,237 shares traded hands during trading, an increase of 30% from the previous session’s volume of 136,045 shares.The stock last traded at $20.56 and had previously closed at $20.44.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.3%

The firm’s fifty day simple moving average is $20.65 and its two-hundred day simple moving average is $20.69.

Institutional Investors Weigh In On Columbia Multi-Sector Municipal Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the fourth quarter valued at approximately $56,000. EverSource Wealth Advisors LLC raised its position in shares of Columbia Multi-Sector Municipal Income ETF by 18.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock valued at $69,000 after buying an additional 525 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Columbia Multi-Sector Municipal Income ETF by 53.7% during the fourth quarter. Farther Finance Advisors LLC now owns 6,136 shares of the company’s stock valued at $126,000 after buying an additional 2,143 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the third quarter valued at approximately $208,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the first quarter valued at approximately $214,000.

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.