ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Shares Climb 0.5% – Should You Buy?

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) shares shot up 0.5% on Thursday. The company traded as high as $25.15 and last traded at $25.15. Approximately 4,200 shares changed hands during trading, a decline of 38% from the average session volume of 6,786 shares. The stock had previously closed at $25.02.

ALPS Intermediate Municipal Bond ETF Stock Up 0.1%

The company’s fifty day moving average is $25.15 and its two-hundred day moving average is $25.64.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

An institutional investor recently bought a new position in ALPS Intermediate Municipal Bond ETF stock. Envestnet Asset Management Inc. bought a new position in shares of ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,729 shares of the company’s stock, valued at approximately $201,000. Envestnet Asset Management Inc. owned approximately 0.35% of ALPS Intermediate Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission.

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.