Truist Financial Corp Invests $327,000 in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

Truist Financial Corp acquired a new stake in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,123 shares of the company’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baker Avenue Asset Management LP increased its stake in Columbia Multi-Sector Municipal Income ETF by 50.3% during the third quarter. Baker Avenue Asset Management LP now owns 117,674 shares of the company’s stock valued at $2,445,000 after acquiring an additional 39,384 shares during the period. Natixis Advisors LLC grew its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 8.1% during the 3rd quarter. Natixis Advisors LLC now owns 35,787 shares of the company’s stock worth $744,000 after purchasing an additional 2,683 shares in the last quarter. Vertex Planning Partners LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the third quarter valued at approximately $225,000. Private Trust Co. NA raised its stake in shares of Columbia Multi-Sector Municipal Income ETF by 110.7% in the third quarter. Private Trust Co. NA now owns 15,405 shares of the company’s stock valued at $320,000 after purchasing an additional 8,095 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in Columbia Multi-Sector Municipal Income ETF by 7.3% in the third quarter. Captrust Financial Advisors now owns 123,615 shares of the company’s stock worth $2,569,000 after purchasing an additional 8,450 shares during the period.

Columbia Multi-Sector Municipal Income ETF Price Performance

Shares of Columbia Multi-Sector Municipal Income ETF stock opened at $20.44 on Thursday. Columbia Multi-Sector Municipal Income ETF has a 52-week low of $20.07 and a 52-week high of $20.94. The company’s fifty day moving average price is $20.37 and its two-hundred day moving average price is $20.54.

About Columbia Multi-Sector Municipal Income ETF

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.