JPMorgan Chase & Co. Increases Stock Position in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

JPMorgan Chase & Co. lifted its holdings in shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 432.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,477 shares of the company’s stock after buying an additional 151,451 shares during the period. JPMorgan Chase & Co. owned about 0.95% of Columbia Multi-Sector Municipal Income ETF worth $3,875,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MUST. Amplius Wealth Advisors LLC boosted its holdings in Columbia Multi-Sector Municipal Income ETF by 23.3% during the third quarter. Amplius Wealth Advisors LLC now owns 562,508 shares of the company’s stock worth $11,689,000 after buying an additional 106,395 shares in the last quarter. TruWealth Advisors LLC lifted its position in shares of Columbia Multi-Sector Municipal Income ETF by 3.7% during the 3rd quarter. TruWealth Advisors LLC now owns 384,358 shares of the company’s stock valued at $7,987,000 after acquiring an additional 13,668 shares during the period. Captrust Financial Advisors boosted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 7.3% during the 3rd quarter. Captrust Financial Advisors now owns 123,615 shares of the company’s stock worth $2,569,000 after acquiring an additional 8,450 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 50.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 117,674 shares of the company’s stock worth $2,445,000 after acquiring an additional 39,384 shares during the period. Finally, Global Wealth Strategies & Associates increased its stake in Columbia Multi-Sector Municipal Income ETF by 2.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 101,464 shares of the company’s stock valued at $2,108,000 after purchasing an additional 2,734 shares in the last quarter.

Columbia Multi-Sector Municipal Income ETF Price Performance

Shares of NYSEARCA MUST opened at $20.24 on Friday. The company’s 50-day moving average price is $20.51 and its 200 day moving average price is $20.57. Columbia Multi-Sector Municipal Income ETF has a 52 week low of $20.07 and a 52 week 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.