Concurrent Investment Advisors LLC Increases Position in ALPS Intermediate Municipal Bond ETF $MNBD

Concurrent Investment Advisors LLC increased its position in shares of ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) by 508.2% in the 4th quarter, HoldingsChannel reports. The firm owned 51,308 shares of the company’s stock after purchasing an additional 42,872 shares during the period. Concurrent Investment Advisors LLC’s holdings in ALPS Intermediate Municipal Bond ETF were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Tribridge Partners Financial LLC raised its holdings in ALPS Intermediate Municipal Bond ETF by 9.8% during the third quarter. Tribridge Partners Financial LLC now owns 8,783 shares of the company’s stock worth $227,000 after purchasing an additional 787 shares in the last quarter. Main Street Financial Solutions LLC purchased a new position in ALPS Intermediate Municipal Bond ETF during the second quarter worth about $343,000. Jane Street Group LLC purchased a new position in ALPS Intermediate Municipal Bond ETF during the second quarter worth about $511,000. Finally, Truist Financial Corp raised its holdings in ALPS Intermediate Municipal Bond ETF by 4.9% during the third quarter. Truist Financial Corp now owns 23,708 shares of the company’s stock worth $612,000 after purchasing an additional 1,100 shares in the last quarter.

ALPS Intermediate Municipal Bond ETF Price Performance

NYSEARCA MNBD opened at $25.97 on Friday. ALPS Intermediate Municipal Bond ETF has a 52-week low of $25.06 and a 52-week high of $26.46. The firm has a 50-day moving average price of $26.05 and a 200 day moving average price of $26.05.

ALPS Intermediate Municipal Bond ETF 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.