ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Shares Down 0.3% – Here’s Why

Shares of ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) traded down 0.3% on Thursday . The company traded as low as $25.57 and last traded at $25.57. 4 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,409 shares. The stock had previously closed at $25.64.

ALPS Intermediate Municipal Bond ETF Price Performance

The stock has a 50 day moving average price of $25.62 and a two-hundred day moving average price of $25.79.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MNBD. Jane Street Group LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF during the 3rd quarter worth $204,000. Citadel Advisors LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $365,000. Finally, Strategic Financial Concepts LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $468,000.

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.