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

Shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw unusually-high trading volume on Thursday. 214,483 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 168,394 shares. The stock last traded at $19.8770 and had previously closed at $19.76.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The business’s 50 day simple moving average is $19.56 and its two-hundred day simple moving average is $20.34.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

Several large investors have recently modified their holdings of MUST. Genesis Private Wealth LLC lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 0.4% in the third quarter. Genesis Private Wealth LLC now owns 141,852 shares of the company’s stock valued at $2,712,000 after acquiring an additional 630 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,281 shares of the company’s stock valued at $662,000 after purchasing an additional 915 shares during the period. Cetera Investment Advisers increased its position in shares of Columbia Multi-Sector Municipal Income ETF by 2.2% during the 1st quarter. Cetera Investment Advisers now owns 127,296 shares of the company’s stock valued at $2,611,000 after purchasing an additional 2,801 shares during the last quarter. Condor Capital Management increased its position in shares of Columbia Multi-Sector Municipal Income ETF by 6.7% during the 3rd quarter. Condor Capital Management now owns 68,059 shares of the company’s stock valued at $1,301,000 after purchasing an additional 4,277 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV lifted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 6.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 82,823 shares of the company’s stock worth $1,704,000 after purchasing an additional 5,308 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.