ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Shares Down 0.1% – Here’s What Happened

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) dropped 0.1% on Tuesday . The stock traded as low as $25.31 and last traded at $25.38. Approximately 12,724 shares were traded during mid-day trading, an increase of 86% from the average daily volume of 6,836 shares. The stock had previously closed at $25.40.

ALPS Intermediate Municipal Bond ETF Stock Performance

The firm’s 50 day moving average is $25.72 and its two-hundred day moving average is $25.90.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Main Street Financial Solutions LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF during the second quarter worth $343,000. Arsenal Capital Advisors LLC acquired a new position in ALPS Intermediate Municipal Bond ETF during the fourth quarter valued at approximately $378,000. Jane Street Group LLC bought a new position in ALPS Intermediate Municipal Bond ETF in the second quarter valued at approximately $511,000. Finally, Tenzing Financial LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter worth approximately $1,811,000.

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.