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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw an uptick in trading volume on Monday . 147,892 shares traded hands during trading, an increase of 18% from the previous session’s volume of 125,085 shares.The stock last traded at $20.74 and had previously closed at $20.73.

Columbia Multi-Sector Municipal Income ETF Stock Down 0.3%

The stock has a 50 day moving average price of $20.59 and a two-hundred day moving average price of $20.68.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MUST. EverSource Wealth Advisors LLC lifted its position in shares of Columbia Multi-Sector Municipal Income ETF by 18.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock worth $69,000 after purchasing an additional 525 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of 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 purchasing an additional 915 shares in the last quarter. Frederick Financial Consultants LLC increased its stake in Columbia Multi-Sector Municipal Income ETF by 0.7% during the 4th quarter. Frederick Financial Consultants LLC now owns 137,483 shares of the company’s stock worth $2,834,000 after buying an additional 1,012 shares during the period. Advisory Services Network LLC increased its stake in Columbia Multi-Sector Municipal Income ETF by 4.7% during the 3rd quarter. Advisory Services Network LLC now owns 25,209 shares of the company’s stock worth $518,000 after buying an additional 1,141 shares during the period. Finally, &PARTNERS increased its stake in Columbia Multi-Sector Municipal Income ETF by 5.8% during the 4th quarter. &PARTNERS now owns 22,769 shares of the company’s stock worth $469,000 after buying 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.