LPL Financial LLC Cuts Stock Position in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

LPL Financial LLC lessened its stake in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST – Get Rating) by 14.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 145,750 shares of the company’s stock after selling 25,296 shares during the quarter. LPL Financial LLC owned approximately 1.04% of Columbia Multi-Sector Municipal Income ETF worth $2,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the 4th quarter worth $36,000. Westside Investment Management Inc. acquired a new position in Columbia Multi-Sector Municipal Income ETF in the 4th quarter valued at $40,000. UBS Group AG increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 76.2% in the 1st quarter. UBS Group AG now owns 4,592 shares of the company’s stock worth $96,000 after acquiring an additional 1,986 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 116.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 8,939 shares of the company’s stock worth $187,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 1st quarter worth $205,000.

Columbia Multi-Sector Municipal Income ETF Stock Down 0.6 %

Shares of MUST opened at $20.29 on Friday. Columbia Multi-Sector Municipal Income ETF has a 52-week low of $19.19 and a 52-week high of $20.92. The stock has a fifty day simple moving average of $20.61 and a two-hundred day simple moving average of $20.39.

Columbia Multi-Sector Municipal Income ETF Company Profile

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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.