Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Strong Trading Volume – Here’s Why

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares saw unusually-high trading volume on Tuesday . 764,118 shares were traded during mid-day trading, an increase of 479% from the previous session’s volume of 131,927 shares.The stock last traded at $19.6460 and had previously closed at $19.62.

Columbia Multi-Sector Municipal Income ETF Trading Down 0.3%

The business’s fifty day simple moving average is $20.25 and its two-hundred day simple moving average is $20.48.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC boosted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 2,712.1% in the second quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock valued at $8,529,000 after acquiring an additional 395,450 shares during the period. Waverly Advisors LLC increased its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 2,962.7% in the 2nd quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock valued at $6,963,000 after acquiring an additional 323,827 shares during the period. Bank of America Corp DE raised 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 purchasing an additional 303,189 shares during the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the 1st quarter valued at $4,661,000. Finally, Private Advisor Group LLC boosted its stake in Columbia Multi-Sector Municipal Income ETF by 1,094.3% during the 1st quarter. Private Advisor Group LLC now owns 226,313 shares of the company’s stock worth $4,642,000 after purchasing an additional 207,363 shares during the period.

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.