Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Unusually-High Trading Volume – Still a Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw an uptick in trading volume on Monday . 369,954 shares were traded during mid-day trading, an increase of 185% from the previous session’s volume of 129,785 shares.The stock last traded at $20.49 and had previously closed at $20.63.

Columbia Multi-Sector Municipal Income ETF Price Performance

The company’s 50-day simple moving average is $20.51 and its 200 day simple moving average is $20.67.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUST. Morgan Stanley boosted its position in Columbia Multi-Sector Municipal Income ETF by 37.8% in the 4th quarter. Morgan Stanley now owns 4,946,952 shares of the company’s stock valued at $101,957,000 after buying an additional 1,357,813 shares during the period. LPL Financial LLC boosted its position in Columbia Multi-Sector Municipal Income ETF by 12.2% in the 4th quarter. LPL Financial LLC now owns 2,825,989 shares of the company’s stock valued at $58,244,000 after buying an additional 307,179 shares during the period. Bank of America Corp DE boosted its position in Columbia Multi-Sector Municipal Income ETF by 27.1% in the 1st quarter. Bank of America Corp DE now owns 1,423,161 shares of the company’s stock valued at $29,189,000 after buying an additional 303,189 shares during the period. Spartan Wealth Advisory Services LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF in the 1st quarter valued at approximately $4,661,000. Finally, Jane Street Group LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter valued at approximately $4,425,000.

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.