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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares saw strong trading volume on Wednesday . 962,434 shares traded hands during trading, an increase of 555% from the previous session’s volume of 146,936 shares.The stock last traded at $21.0240 and had previously closed at $21.08.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The firm has a 50-day moving average of $20.83 and a 200 day moving average of $20.60.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.0587 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MUST. Integrated Wealth Concepts LLC increased its stake in Columbia Multi-Sector Municipal Income ETF by 12.5% in the first quarter. Integrated Wealth Concepts LLC now owns 14,205 shares of the company’s stock valued at $286,000 after purchasing an additional 1,578 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 8.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 52,979 shares of the company’s stock valued at $1,066,000 after buying an additional 4,198 shares during the period. Daymark Wealth Partners LLC increased its position in Columbia Multi-Sector Municipal Income ETF by 15.9% in the 2nd quarter. Daymark Wealth Partners LLC now owns 12,117 shares of the company’s stock valued at $244,000 after buying an additional 1,658 shares in the last quarter. Arbor Capital Management Inc. ADV increased its position in Columbia Multi-Sector Municipal Income ETF by 0.8% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 74,608 shares of the company’s stock valued at $1,497,000 after buying an additional 612 shares in the last quarter. Finally, Amplius Wealth Advisors LLC raised its stake in Columbia Multi-Sector Municipal Income ETF by 12.0% during the 2nd quarter. Amplius Wealth Advisors LLC now owns 108,470 shares of the company’s stock worth $2,182,000 after buying an additional 11,605 shares during the period.

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.