Redwood Investment Management LLC Sells 5,029 Shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

Redwood Investment Management LLC decreased its holdings in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 25.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 14,824 shares of the company’s stock after selling 5,029 shares during the quarter. Redwood Investment Management LLC’s holdings in Columbia Multi-Sector Municipal Income ETF were worth $308,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vertex Planning Partners LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF during the 3rd quarter worth $225,000. Strategic Equity Management purchased a new position in Columbia Multi-Sector Municipal Income ETF during the second quarter worth about $243,000. Pure Portfolios Holdings LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF in the 3rd quarter worth about $289,000. Comerica Bank increased its stake in Columbia Multi-Sector Municipal Income ETF by 7.1% in the 1st quarter. Comerica Bank now owns 15,055 shares of the company’s stock valued at $311,000 after buying an additional 1,000 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Columbia Multi-Sector Municipal Income ETF by 110.7% during the 3rd 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 in the last quarter.

Columbia Multi-Sector Municipal Income ETF Stock Up 0.3 %

MUST stock opened at $20.80 on Friday. The business has a 50 day moving average of $20.61 and a 200-day moving average of $20.56. Columbia Multi-Sector Municipal Income ETF has a 12-month low of $20.12 and a 12-month 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.