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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw an uptick in trading volume on Wednesday . 962,434 shares were traded during mid-day 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 Down 0.3%

The stock’s fifty day moving average price is $20.81 and its 200 day moving average price is $20.59.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.0587 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

Hedge Funds Weigh In On Columbia Multi-Sector Municipal Income ETF

Several institutional investors have recently modified their holdings of MUST. Integrated Wealth Concepts LLC lifted its position in Columbia Multi-Sector Municipal Income ETF by 12.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,205 shares of the company’s stock worth $286,000 after buying an additional 1,578 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Columbia Multi-Sector Municipal Income ETF by 8.6% during the second quarter. Envestnet Asset Management Inc. now owns 52,979 shares of the company’s stock worth $1,066,000 after acquiring an additional 4,198 shares in the last quarter. Daymark Wealth Partners LLC lifted its holdings in shares of 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 worth $244,000 after acquiring an additional 1,658 shares during the last quarter. Arbor Capital Management Inc. ADV boosted its stake in shares of 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 purchasing an additional 612 shares in the last quarter. Finally, Amplius Wealth Advisors LLC grew its holdings in shares of 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 valued at $2,182,000 after purchasing an additional 11,605 shares during the last quarter.

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.