69,741 Shares in ALPS Intermediate Municipal Bond ETF $MNBD Purchased by Tenzing Financial LLC

Tenzing Financial LLC bought a new position in shares of ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 69,741 shares of the company’s stock, valued at approximately $1,811,000. ALPS Intermediate Municipal Bond ETF accounts for 1.5% of Tenzing Financial LLC’s portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concurrent Investment Advisors LLC lifted its holdings in shares of ALPS Intermediate Municipal Bond ETF by 508.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock worth $1,332,000 after purchasing an additional 42,872 shares during the period. Jane Street Group LLC lifted its holdings in shares of ALPS Intermediate Municipal Bond ETF by 4.5% during the fourth quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock worth $665,000 after purchasing an additional 1,091 shares during the period. Main Street Financial Solutions LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the second quarter worth about $343,000. Finally, Arsenal Capital Advisors LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the fourth quarter worth about $378,000.

ALPS Intermediate Municipal Bond ETF Trading Down 0.0%

Shares of MNBD stock opened at $25.95 on Monday. The stock has a 50 day moving average of $25.94 and a 200 day moving average of $26.03. ALPS Intermediate Municipal Bond ETF has a twelve month low of $25.30 and a twelve month high of $26.46.

ALPS Intermediate Municipal Bond ETF Company Profile

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.