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

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD)’s stock price dropped 0.1% during mid-day trading on Friday . The company traded as low as $25.98 and last traded at $25.98. Approximately 12 shares traded hands during trading, a decline of 100% from the average daily volume of 2,547 shares. The stock had previously closed at $26.00.

ALPS Intermediate Municipal Bond ETF Trading Down 0.1%

The firm has a 50-day moving average of $25.95 and a 200 day moving average of $25.62.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

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

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.