JPMorgan Chase & Co. Has $2.26 Million Position in Columbia Multi-Sector Municipal Income ETF $MUST

JPMorgan Chase & Co. increased its stake in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 56.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 109,985 shares of the company’s stock after purchasing an additional 39,501 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.45% of Columbia Multi-Sector Municipal Income ETF worth $2,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MUST. Integrated Wealth Concepts LLC lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 12.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,205 shares of the company’s stock worth $286,000 after purchasing an additional 1,578 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 18.2% in 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. Raymond James Financial Inc. lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 277.3% in the 2nd quarter. Raymond James Financial Inc. now owns 233,038 shares of the company’s stock worth $4,689,000 after purchasing an additional 171,272 shares during the last quarter. Jane Street Group LLC acquired a new stake in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter worth approximately $4,425,000. Finally, Ameriprise Financial Inc. lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 7.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,599,097 shares of the company’s stock worth $52,284,000 after purchasing an additional 169,761 shares during the last quarter.

Columbia Multi-Sector Municipal Income ETF Stock Performance

MUST opened at $20.46 on Tuesday. The business has a 50 day moving average price of $20.78 and a 200 day moving average price of $20.69. Columbia Multi-Sector Municipal Income ETF has a twelve month low of $19.00 and a twelve month high of $22.10.

Columbia Multi-Sector Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.0464 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.