ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Trading Up 0.4% – Here’s Why

Shares of ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) were up 0.4% during trading on Friday . The company traded as high as $25.68 and last traded at $25.68. Approximately 27 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,290 shares. The stock had previously closed at $25.59.

ALPS Intermediate Municipal Bond ETF Stock Performance

The stock has a 50 day simple moving average of $25.61 and a two-hundred day simple moving average of $25.73.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNBD. Citadel Advisors LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the fourth quarter valued at about $365,000. Jane Street Group LLC boosted its position in shares of ALPS Intermediate Municipal Bond ETF by 154.2% during the 4th quarter. Jane Street Group LLC now owns 19,851 shares of the company’s stock worth $507,000 after purchasing an additional 12,042 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the 4th quarter valued at approximately $468,000.

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.