Columbia Multi-Sector Municipal Income ETF
MUST
86 hedge funds and large institutions have $347M invested in Columbia Multi-Sector Municipal Income ETF in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 43 increasing their positions, 17 reducing their positions, and 10 closing their positions.
153% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 17
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
13% more capital invested
Capital invested by funds: $308M → $347M (+$39.5M)
4% more funds holding
Funds holding: 83 → 86 (+3)
1.83% more ownership
Funds ownership: 69.84% → 71.67% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$24.7M |
| 2 |
Morgan Stanley
New York
|
+$6.65M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.41M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.33M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$1.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
ARQ Wealth Advisors
Scottsdale,
Arizona
|
-$2.93M |
| 2 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$2.19M |
| 3 |
Jane Street
New York
|
-$1.94M |
| 4 |
GM
GeoWealth Management
Chicago,
Illinois
|
-$1.61M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.23M |
MUST Hedge Fund Activity: Q3 2025 in Review
86 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Columbia Multi-Sector Municipal Income ETF (MUST) for Q3 2025, worth a combined $347M — up 13% from $308M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new MUST positions and 10 closed out — a net gain of 3 holders — while 43 added to existing stakes and 17 trimmed.
The largest buyer was LPL Financial, adding an estimated $24.7M. The largest seller was ARQ Wealth Advisors, exiting entirely with an estimated $2.93M sold.
- 86 institutional investors held Columbia Multi-Sector Municipal Income ETF (MUST) as of Q3 2025, up from 83 in Q2 2025.
- Funds reported $347M of Columbia Multi-Sector Municipal Income ETF stock for Q3 2025, up 13% quarter-over-quarter.
- 13 funds opened new Columbia Multi-Sector Municipal Income ETF positions in Q3 2025 and 10 closed out, a net change of +3 holders.
- The largest Columbia Multi-Sector Municipal Income ETF buyer in Q3 2025 was LPL Financial, an estimated $24.7M added.
- The largest Columbia Multi-Sector Municipal Income ETF seller in Q3 2025 was ARQ Wealth Advisors, an estimated $2.93M sold.
Based on aggregated 13F filings for Q3 2025.