Arbor Capital Management Inc. ADV Has $1.43 Million Position in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

Arbor Capital Management Inc. ADV lessened its position in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 70,008 shares of the company’s stock after selling 1,833 shares during the period. Columbia Multi-Sector Municipal Income ETF comprises about 1.4% of Arbor Capital Management Inc. ADV’s portfolio, making the stock its 29th biggest holding. Arbor Capital Management Inc. ADV’s holdings in Columbia Multi-Sector Municipal Income ETF were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of MUST. Haven Private LLC bought a new position in shares of Columbia Multi-Sector Municipal Income ETF in the 4th quarter valued at about $13,951,000. Raymond James Financial Inc. bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the 4th quarter worth about $6,501,000. BlueStem Wealth Partners LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the 4th quarter worth about $4,434,000. JPMorgan Chase & Co. boosted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 432.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 186,477 shares of the company’s stock worth $3,875,000 after buying an additional 151,451 shares during the period. Finally, Genesis Private Wealth LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the 4th quarter worth about $1,961,000.

Columbia Multi-Sector Municipal Income ETF Price Performance

Shares of MUST stock opened at $20.17 on Monday. Columbia Multi-Sector Municipal Income ETF has a 52 week low of $20.07 and a 52 week high of $20.94. The company has a 50-day simple moving average of $20.37 and a 200 day simple moving average of $20.52.

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.