Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Hits New 12-Month Low – Time to Sell?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $19.06 and last traded at $19.1150, with a volume of 1057 shares changing hands. The stock had previously closed at $19.24.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The business has a 50-day moving average of $20.05 and a 200 day moving average of $20.39.

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

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