ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Stock Price Up 0.4% – Time to Buy?

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) rose 0.4% during trading on Friday . The company traded as high as $25.68 and last traded at $25.68. Approximately 27 shares traded hands 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 Price Performance

The company’s 50 day moving average price is $25.61 and its two-hundred day moving average price is $25.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MNBD. Citadel Advisors LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 4th quarter worth $365,000. Jane Street Group LLC grew its holdings in shares of ALPS Intermediate Municipal Bond ETF by 154.2% in the fourth quarter. Jane Street Group LLC now owns 19,851 shares of the company’s stock valued at $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 during the fourth quarter worth about $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.