Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Trading Down 0.5% – Here’s What Happened

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)’s share price dropped 0.5% on Wednesday . The stock traded as low as $20.56 and last traded at $20.58. Approximately 159,018 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 140,896 shares. The stock had previously closed at $20.69.

Columbia Multi-Sector Municipal Income ETF Price Performance

The company’s 50-day moving average is $20.86 and its 200 day moving average is $20.67.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.0464 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rare Wolf Capital LLC acquired a new position in Columbia Multi-Sector Municipal Income ETF during the fourth quarter valued at $498,000. Cetera Investment Advisers boosted its position in Columbia Multi-Sector Municipal Income ETF by 14.2% during the 4th quarter. Cetera Investment Advisers now owns 124,495 shares of the company’s stock worth $2,566,000 after acquiring an additional 15,489 shares during the period. Osaic Holdings Inc. grew its stake in Columbia Multi-Sector Municipal Income ETF by 23.4% during the 4th quarter. Osaic Holdings Inc. now owns 206,523 shares of the company’s stock valued at $4,256,000 after acquiring an additional 39,178 shares in the last quarter. Captrust Financial Advisors grew its stake in Columbia Multi-Sector Municipal Income ETF by 10.4% during the 4th quarter. Captrust Financial Advisors now owns 140,023 shares of the company’s stock valued at $2,886,000 after acquiring an additional 13,223 shares in the last quarter. Finally, &PARTNERS increased its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 5.8% in the 4th quarter. &PARTNERS now owns 22,769 shares of the company’s stock valued at $469,000 after purchasing an additional 1,246 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.