Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Trading Down 0.2% – Here’s What Happened

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) shares traded down 0.2% during mid-day trading on Thursday . The company traded as low as $20.79 and last traded at $20.80. Approximately 169,433 shares were traded during trading, an increase of 17% from the average daily volume of 144,943 shares. The stock had previously closed at $20.85.

Columbia Multi-Sector Municipal Income ETF Price Performance

The firm’s 50-day moving average price is $20.71 and its 200 day moving average price is $20.49.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.0587 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 18.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock worth $69,000 after purchasing an additional 525 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF during the third quarter valued at approximately $111,000. Farther Finance Advisors LLC boosted its position in Columbia Multi-Sector Municipal Income ETF by 53.7% during the fourth quarter. Farther Finance Advisors LLC now owns 6,136 shares of the company’s stock worth $126,000 after acquiring an additional 2,143 shares during the last quarter. Truist Financial Corp purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the 3rd quarter worth approximately $208,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter valued at $241,000.

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.