ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Shares Up 0% – Should You Buy?

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD)’s share price traded up 0% on Friday . The stock traded as high as $25.75 and last traded at $25.75. 554 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 7,451 shares. The stock had previously closed at $25.74.

ALPS Intermediate Municipal Bond ETF Price Performance

The business has a 50-day moving average of $25.94 and a 200-day moving average of $26.04.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Several large investors have recently modified their holdings 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 $343,000. Arsenal Capital Advisors LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $378,000. Jane Street Group LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth $511,000. Truist Financial Corp grew its position in ALPS Intermediate Municipal Bond ETF by 4.9% during the 3rd quarter. Truist Financial Corp now owns 23,708 shares of the company’s stock worth $612,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in 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 purchasing an additional 42,872 shares during the last quarter.

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.