Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Large Volume Increase – Time to Buy?

Shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw strong trading volume on Tuesday . Approximately 176,237 shares were traded during trading, an increase of 30% from the previous session’s volume of 136,045 shares.The stock last traded at $20.56 and had previously closed at $20.44.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The stock’s 50 day moving average price is $20.65 and its 200-day moving average price is $20.69.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

A number of large investors have recently made changes to their positions in MUST. Morgan Stanley boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 37.8% during the fourth quarter. Morgan Stanley now owns 4,946,952 shares of the company’s stock valued at $101,957,000 after purchasing an additional 1,357,813 shares during the period. LPL Financial LLC boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 12.2% during the fourth quarter. LPL Financial LLC now owns 2,825,989 shares of the company’s stock valued at $58,244,000 after purchasing an additional 307,179 shares during the period. Jane Street Group LLC purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the second quarter valued at $4,425,000. Private Advisor Group LLC boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 1,094.3% during the first quarter. Private Advisor Group LLC now owns 226,313 shares of the company’s stock valued at $4,642,000 after purchasing an additional 207,363 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 277.3% during the second quarter. Raymond James Financial Inc. now owns 233,038 shares of the company’s stock valued at $4,689,000 after purchasing an additional 171,272 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.