ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Stock Price Down 0.3% – Should You Sell?

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

ALPS Intermediate Municipal Bond ETF Trading Down 0.3 %

The firm has a 50-day moving average of $25.62 and a 200-day moving average of $25.79.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MNBD. Jane Street Group LLC bought a new stake in ALPS Intermediate Municipal Bond ETF during the third quarter valued at about $204,000. Strategic Financial Concepts LLC purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF in the fourth quarter worth about $124,000. Finally, Citadel Advisors LLC bought a new stake in shares of 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.