Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Stock Price Down 0.2% – Should You Sell?

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) dropped 0.2% during trading on Thursday . The stock traded as low as $20.79 and last traded at $20.80. Approximately 169,433 shares changed hands 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 Stock Down 0.2%

The stock’s fifty 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 given 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 was Monday, February 2nd.

Institutional Investors Weigh In On Columbia Multi-Sector Municipal Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Columbia Multi-Sector Municipal Income ETF by 18.2% during the second 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 in the third quarter valued at $111,000. Farther Finance Advisors LLC raised its stake in shares of Columbia Multi-Sector Municipal Income ETF by 53.7% during the 4th quarter. Farther Finance Advisors LLC now owns 6,136 shares of the company’s stock worth $126,000 after buying an additional 2,143 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 3rd quarter worth about $208,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter valued at about $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.