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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares saw strong trading volume on Monday. Approximately 247,941 shares traded hands during trading, an increase of 62% from the previous session’s volume of 153,314 shares. The stock last traded at $19.26 and had previously closed at $19.26.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The firm’s 50 day moving average is $19.78 and its 200-day moving average is $20.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its position in Columbia Multi-Sector Municipal Income ETF by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 32,281 shares of the company’s stock valued at $662,000 after buying an additional 915 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Columbia Multi-Sector Municipal Income ETF by 2.2% during the first quarter. Cetera Investment Advisers now owns 127,296 shares of the company’s stock valued at $2,611,000 after acquiring an additional 2,801 shares during the last quarter. Genesis Private Wealth LLC increased its position in shares of Columbia Multi-Sector Municipal Income ETF by 2.3% during the first quarter. Genesis Private Wealth LLC now owns 129,360 shares of the company’s stock valued at $2,653,000 after acquiring an additional 2,867 shares during the last quarter. Arbor Capital Management Inc. ADV increased its position in shares of Columbia Multi-Sector Municipal Income ETF by 6.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 82,823 shares of the company’s stock valued at $1,704,000 after acquiring an additional 5,308 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 1st quarter valued at approximately $214,000.

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.