Wells Fargo & Company MN Trims Stock Position in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

Wells Fargo & Company MN cut its stake in shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,679,880 shares of the company’s stock after selling 31,211 shares during the period. Wells Fargo & Company MN owned approximately 8.53% of Columbia Multi-Sector Municipal Income ETF worth $34,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MML Investors Services LLC raised its stake in Columbia Multi-Sector Municipal Income ETF by 5.1% during the 3rd quarter. MML Investors Services LLC now owns 17,185 shares of the company’s stock valued at $357,000 after acquiring an additional 837 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Columbia Multi-Sector Municipal Income ETF by 432.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 186,477 shares of the company’s stock valued at $3,875,000 after acquiring an additional 151,451 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Columbia Multi-Sector Municipal Income ETF during the 4th quarter valued at approximately $6,501,000. Truist Financial Corp purchased a new stake in Columbia Multi-Sector Municipal Income ETF during the 4th quarter valued at approximately $327,000. Finally, Geneos Wealth Management Inc. raised its stake in Columbia Multi-Sector Municipal Income ETF by 15.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,750 shares of the company’s stock valued at $76,000 after acquiring an additional 500 shares during the last quarter.

Columbia Multi-Sector Municipal Income ETF Stock Up 0.9 %

MUST opened at $19.83 on Friday. The business has a 50 day moving average price of $20.27 and a two-hundred day moving average price of $20.43. Columbia Multi-Sector Municipal Income ETF has a 52 week low of $19.01 and a 52 week high of $20.94.

About Columbia Multi-Sector Municipal Income ETF

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.