Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Reaches New 52-Week Low – What’s Next?

Shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $19.56 and last traded at $19.62, with a volume of 132007 shares changing hands. The stock had previously closed at $19.69.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The stock’s fifty day moving average is $20.22 and its 200-day moving average is $20.47.

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

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 27.1% during the 1st quarter. Bank of America Corp DE now owns 1,423,161 shares of the company’s stock worth $29,189,000 after buying an additional 303,189 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Columbia Multi-Sector Municipal Income ETF by 2,712.1% during the second quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock worth $8,529,000 after acquiring an additional 395,450 shares in the last quarter. Waverly Advisors LLC boosted its position in Columbia Multi-Sector Municipal Income ETF by 2,962.7% during the second quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock valued at $6,963,000 after purchasing an additional 323,827 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Columbia Multi-Sector Municipal Income ETF by 2.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 280,319 shares of the company’s stock valued at $5,777,000 after purchasing an additional 7,856 shares during the last quarter. Finally, Spartan Wealth Advisory Services LLC bought a new position in Columbia Multi-Sector Municipal Income ETF in the first quarter valued at approximately $4,661,000.

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.