Cetera Investment Advisers Lowers Stake in Columbia Multi-Sector Municipal Income ETF $MUST

Cetera Investment Advisers trimmed its holdings in shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 6.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 80,119 shares of the company’s stock after selling 5,703 shares during the period. Cetera Investment Advisers owned approximately 0.36% of Columbia Multi-Sector Municipal Income ETF worth $1,612,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MUST. TruWealth Advisors LLC lifted its position in Columbia Multi-Sector Municipal Income ETF by 15.3% in the 2nd quarter. TruWealth Advisors LLC now owns 246,860 shares of the company’s stock valued at $4,967,000 after acquiring an additional 32,702 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 1st quarter valued at about $376,000. Bleakley Financial Group LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF during the second quarter valued at approximately $272,000. DAVENPORT & Co LLC purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 2nd quarter valued at $271,000. Finally, Foundations Investment Advisors LLC lifted its position in shares of Columbia Multi-Sector Municipal Income ETF by 46.7% in the second quarter. Foundations Investment Advisors LLC now owns 38,944 shares of the company’s stock valued at $784,000 after acquiring an additional 12,401 shares in the last quarter.

Columbia Multi-Sector Municipal Income ETF Stock Down 0.6%

Shares of MUST opened at $20.63 on Tuesday. The company has a 50 day simple moving average of $20.61 and a two-hundred day simple moving average of $20.27. Columbia Multi-Sector Municipal Income ETF has a 1 year low of $19.00 and a 1 year high of $22.10.

Columbia Multi-Sector Municipal Income ETF 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.