ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Trading 0.1% Higher – Here’s Why

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) traded up 0.1% on Wednesday . The stock traded as high as $25.90 and last traded at $25.86. 1,220 shares traded hands during trading, a decline of 50% from the average session volume of 2,455 shares. The stock had previously closed at $25.83.

ALPS Intermediate Municipal Bond ETF Trading Up 0.1%

The company has a fifty day moving average of $25.62 and a two-hundred day moving average of $25.42.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tribridge Partners Financial LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at $203,000. Main Street Financial Solutions LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at $343,000. Citadel Advisors LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at $365,000. Jane Street Group LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at $511,000. Finally, Truist Financial Corp acquired a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at $575,000.

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.