ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Trading Up 0.2% – Here’s What Happened

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) shares rose 0.2% on Thursday . The company traded as high as $25.99 and last traded at $25.99. Approximately 339 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 2,529 shares. The stock had previously closed at $25.94.

ALPS Intermediate Municipal Bond ETF Stock Performance

The business has a 50 day simple moving average of $25.88 and a 200-day simple moving average of $25.54.

Institutional Trading of ALPS Intermediate Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MNBD. Tribridge Partners Financial LLC bought a new stake in ALPS Intermediate Municipal Bond ETF during the second quarter worth approximately $203,000. Concurrent Investment Advisors LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 3rd quarter valued at $218,000. Main Street Financial Solutions LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter worth $343,000. Jane Street Group LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter worth $511,000. Finally, Truist Financial Corp purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF during the second quarter valued at $575,000.

About ALPS Intermediate Municipal Bond ETF

The ALPS Intermediate Municipal Bond ETF (MNBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to investment-grade, intermediate-term municipal bonds that are exempt from federal income tax. MNBD was launched on May 19, 2022 and is managed by ALPS.