ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Trading 0.2% Higher – Here’s Why

Shares of ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) were up 0.2% on Thursday . The company traded as high as $25.99 and last traded at $25.99. Approximately 339 shares were traded during trading, a decline of 87% from the average daily volume of 2,529 shares. The stock had previously closed at $25.94.

ALPS Intermediate Municipal Bond ETF Stock Performance

The business’s 50-day simple moving average is $25.89 and its 200-day simple moving average is $25.55.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MNBD. Tribridge Partners Financial LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF during the second quarter worth about $203,000. Concurrent Investment Advisors LLC purchased a new position in ALPS Intermediate Municipal Bond ETF during the third quarter worth about $218,000. Main Street Financial Solutions LLC acquired a new position in ALPS Intermediate Municipal Bond ETF during the second quarter worth approximately $343,000. Jane Street Group LLC purchased a new position in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter worth $511,000. Finally, Truist Financial Corp acquired a new position in ALPS Intermediate Municipal Bond ETF during the second quarter valued at approximately $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.