ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Shares Up 0.4% – Still a Buy?

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was up 0.4% on Friday . The stock traded as high as $25.68 and last traded at $25.68. Approximately 27 shares were traded during 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 Stock Performance

The stock’s 50-day simple moving average is $25.61 and its 200 day simple moving average is $25.73.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

A number of large investors have recently made changes to their positions in MNBD. Strategic Financial Concepts LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF during the fourth quarter worth $124,000. Jane Street Group LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF during the 3rd quarter worth $204,000. Finally, Citadel Advisors LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $365,000.

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.