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

Shares of ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) fell 0.3% during trading on Thursday . The stock traded as low as $25.57 and last traded at $25.57. 4 shares changed 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 Trading Down 0.3 %

The company’s fifty day moving average is $25.62 and its two-hundred day moving average is $25.79.

Institutional Trading of ALPS Intermediate Municipal Bond ETF

Institutional investors have recently made changes to their positions in the stock. Strategic Financial Concepts LLC purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 4th quarter valued at approximately $124,000. Jane Street Group LLC increased its stake in ALPS Intermediate Municipal Bond ETF by 154.2% in the 4th quarter. Jane Street Group LLC now owns 19,851 shares of the company’s stock valued at $507,000 after buying an additional 12,042 shares during the period. Finally, Citadel Advisors LLC acquired a new position in ALPS Intermediate Municipal Bond ETF in the 4th quarter valued at approximately $365,000.

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.