New Insight Wealth Advisors Trims Stock Position in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

New Insight Wealth Advisors trimmed its holdings in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 55.5% in the 4th quarter, HoldingsChannel reports. The fund owned 10,580 shares of the company’s stock after selling 13,196 shares during the quarter. New Insight Wealth Advisors’ holdings in Columbia Multi-Sector Municipal Income ETF were worth $215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 15.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,750 shares of the company’s stock worth $76,000 after purchasing an additional 500 shares during the period. Vertex Planning Partners LLC purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the 3rd quarter valued at about $225,000. Westside Investment Management Inc. lifted its position in Columbia Multi-Sector Municipal Income ETF by 34.8% in the fourth quarter. Westside Investment Management Inc. now owns 15,500 shares of the company’s stock valued at $315,000 after buying an additional 4,000 shares during the last quarter. Private Trust Co. NA boosted its stake in Columbia Multi-Sector Municipal Income ETF by 110.7% during the third quarter. Private Trust Co. NA now owns 15,405 shares of the company’s stock worth $320,000 after buying an additional 8,095 shares during the period. Finally, Truist Financial Corp acquired a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the fourth quarter valued at about $327,000.

Columbia Multi-Sector Municipal Income ETF Price Performance

Columbia Multi-Sector Municipal Income ETF stock opened at $20.40 on Monday. The company’s 50 day simple moving average is $20.37 and its 200-day simple moving average is $20.53. Columbia Multi-Sector Municipal Income ETF has a 1 year low of $20.07 and a 1 year high of $20.94.

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.