Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Strong Trading Volume – Should You Buy?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw unusually-high trading volume on Thursday. 214,483 shares changed hands during trading, an increase of 27% from the average daily volume of 168,394 shares. The stock last traded at $19.8770 and had previously closed at $19.76.

Columbia Multi-Sector Municipal Income ETF Stock Performance

The company has a 50 day simple moving average of $19.57 and a 200-day simple moving average of $20.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Genesis Private Wealth LLC boosted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 0.4% during the 3rd quarter. Genesis Private Wealth LLC now owns 141,852 shares of the company’s stock valued at $2,712,000 after buying an additional 630 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in 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 worth $662,000 after purchasing an additional 915 shares during the period. Cetera Investment Advisers increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 2.2% during the first quarter. Cetera Investment Advisers now owns 127,296 shares of the company’s stock valued at $2,611,000 after purchasing an additional 2,801 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its position in shares of Columbia Multi-Sector Municipal Income ETF by 6.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 82,823 shares of the company’s stock worth $1,704,000 after purchasing an additional 5,308 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new position in Columbia Multi-Sector Municipal Income ETF during the 1st quarter valued at approximately $214,000.

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.