ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Trading Up 0% – What’s Next?

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) shares were up 0% on Friday . The stock traded as high as $25.75 and last traded at $25.75. Approximately 554 shares were traded during trading, a decline of 93% from the average daily volume of 7,451 shares. The stock had previously closed at $25.74.

ALPS Intermediate Municipal Bond ETF Stock Performance

The firm has a 50 day moving average price of $25.94 and a two-hundred day moving average price of $26.04.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Several large investors have recently modified their holdings of MNBD. Tenzing Financial LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $1,811,000. Concurrent Investment Advisors LLC boosted its stake in shares of ALPS Intermediate Municipal Bond ETF by 508.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock worth $1,332,000 after acquiring an additional 42,872 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth $511,000. Arsenal Capital Advisors LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $378,000. Finally, Main Street Financial Solutions LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth $343,000.

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.