Royal Bank of Canada Trims Position in Columbia Multi-Sector Municipal Income ETF $MUST

Royal Bank of Canada lessened its position in shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 25.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 243,147 shares of the company’s stock after selling 84,024 shares during the period. Royal Bank of Canada’s holdings in Columbia Multi-Sector Municipal Income ETF were worth $4,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MUST. Kestra Advisory Services LLC bought a new position in Columbia Multi-Sector Municipal Income ETF during the 4th quarter valued at approximately $56,000. EverSource Wealth Advisors LLC boosted its holdings in Columbia Multi-Sector Municipal Income ETF by 18.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock worth $69,000 after acquiring an additional 525 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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. Ascentis Independent Advisors purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF in the first quarter worth $214,000. Finally, Waverly Advisors LLC bought a new position in Columbia Multi-Sector Municipal Income ETF during the first quarter valued at approximately $224,000.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.1%

MUST opened at $20.39 on Thursday. The firm’s 50 day simple moving average is $20.52 and its two-hundred day simple moving average is $20.62. Columbia Multi-Sector Municipal Income ETF has a 1-year low of $19.88 and a 1-year high of $21.10.

Columbia Multi-Sector Municipal Income ETF 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.