Tenzing Financial LLC Purchases 23,508 Shares of ALPS Intermediate Municipal Bond ETF $MNBD

Tenzing Financial LLC boosted its position in shares of ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) by 19.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,363 shares of the company’s stock after buying an additional 23,508 shares during the period. ALPS Intermediate Municipal Bond ETF makes up approximately 2.6% of Tenzing Financial LLC’s investment portfolio, making the stock its 11th largest position. Tenzing Financial LLC owned about 6.81% of ALPS Intermediate Municipal Bond ETF worth $3,824,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Main Street Financial Solutions LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter valued at approximately $343,000. Arsenal Capital Advisors LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter worth approximately $378,000. Jane Street Group LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth approximately $511,000. Finally, Concurrent Investment Advisors LLC increased its stake in ALPS Intermediate Municipal Bond ETF by 508.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock valued at $1,332,000 after acquiring an additional 42,872 shares during the last quarter.

ALPS Intermediate Municipal Bond ETF Price Performance

Shares of NYSEARCA:MNBD opened at $25.75 on Monday. ALPS Intermediate Municipal Bond ETF has a 1 year low of $24.74 and a 1 year high of $26.46. The company’s 50 day simple moving average is $25.91 and its 200 day simple moving average is $26.00.

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.