Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sets New 1-Year Low – Time to Sell?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $19.56 and last traded at $19.62, with a volume of 132007 shares traded. The stock had previously closed at $19.69.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The business’s 50 day moving average is $20.27 and its 200 day moving average is $20.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its stake in Columbia Multi-Sector Municipal Income ETF by 199.1% during the second quarter. Integrated Wealth Concepts LLC now owns 41,073 shares of the company’s stock worth $854,000 after purchasing an additional 27,340 shares during the last quarter. Waverly Advisors LLC boosted its holdings in Columbia Multi-Sector Municipal Income ETF by 2,962.7% in the second quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock valued at $6,963,000 after purchasing an additional 323,827 shares in the last quarter. Vested Financial Planning LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF in the second quarter valued at approximately $539,000. Concurrent Investment Advisors LLC increased its stake in Columbia Multi-Sector Municipal Income ETF by 2,712.1% in the second quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock valued at $8,529,000 after purchasing an additional 395,450 shares during the last quarter. Finally, Global Wealth Strategies & Associates raised its holdings in Columbia Multi-Sector Municipal Income ETF by 7.2% during the second quarter. Global Wealth Strategies & Associates now owns 176,439 shares of the company’s stock worth $3,670,000 after purchasing an additional 11,917 shares in 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.