Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Shares Down 0.2% – Time to Sell?

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

Columbia Multi-Sector Municipal Income ETF Stock Down 0.2%

The business has a 50 day moving average price of $20.71 and a two-hundred day moving average price of $20.49.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.0587 per share. 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 hedge funds have recently made changes to their positions in MUST. Integrated Wealth Concepts LLC raised its holdings in Columbia Multi-Sector Municipal Income ETF by 12.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 14,205 shares of the company’s stock valued at $286,000 after buying an additional 1,578 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Columbia Multi-Sector Municipal Income ETF during the second quarter valued at about $271,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the second quarter worth about $241,000. Bleakley Financial Group LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the second quarter worth about $272,000. Finally, Envestnet Asset Management Inc. increased its holdings in Columbia Multi-Sector Municipal Income ETF by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 52,979 shares of the company’s stock valued at $1,066,000 after purchasing an additional 4,198 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.