ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Trading Up 0.2% – Still a Buy?

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD)’s share price rose 0.2% during mid-day trading on Monday . The stock traded as high as $26.20 and last traded at $26.20. Approximately 1,894 shares changed hands during trading, a decline of 81% from the average daily volume of 9,913 shares. The stock had previously closed at $26.15.

ALPS Intermediate Municipal Bond ETF Price Performance

The company’s fifty day simple moving average is $25.98 and its 200 day simple moving average is $25.78.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Several hedge funds have recently bought and sold shares of MNBD. Truist Financial Corp acquired a new position in shares of ALPS Intermediate Municipal Bond ETF in the second quarter valued at approximately $575,000. Redhawk Wealth Advisors Inc. bought a new stake in ALPS Intermediate Municipal Bond ETF in the 3rd quarter valued at $1,090,000. Tribridge Partners Financial LLC acquired a new position in ALPS Intermediate Municipal Bond ETF in the 2nd quarter valued at $203,000. Strategic Financial Concepts LLC increased its position in ALPS Intermediate Municipal Bond ETF by 2.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 24,937 shares of the company’s stock worth $634,000 after buying an additional 612 shares during the period. Finally, Jane Street Group LLC bought a new position in ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth $511,000.

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.