MNBD ALPS BBH Intermediate Municipal Bond ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

MNBD — —
Key stats
About

ALPS BBH Intermediate Municipal Bond ETF (MNBD) ETF

No description available.

Exchange
ARCX
Inception
2022-05-19
Has Options
No
Fund profile
holdings as of Aug 31, 2026SEC filingthrough Aug 2026flows, SEC filings
Municipal Bond National Muni#48 of 71 by assets ALPS US Actively managed
Expense ratio
0.44%
prospectus, filed Mar 30, 2026
Assets
$56M
shares × price, Nov 6, 2026
Trailing yield
3.45%
paid monthly
Average daily volume
$125K
30 sessions
Holdings
198
top 10 are 14.3%
Listed
May 19, 2022
NYSE Arca
Last fee change
-6 bp
filed Mar 18, 2026
Closure risk, 12 months
4.6%
low: trading volume · model
FrenzyCap ETF score
30
how it is built
Cost10
Liquidity3
Scale28
Diversification100

Moves with. Long Treasuries (12% of its variance, beta 0.11); Developed markets ex-US over US (4% of its variance, beta 0.06); US large-cap stocks (3% of its variance, beta 0.04). These factors explain 21% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. The investment objective of the Fund is to protect investors capital and generate attractive risk-adjusted returns. (from the fund's prospectus)

All 198 holdingsFlow historyOverlap toolAll National Muni ETFs

Fund flows
through Aug 2026SEC filings
Aug 2026
+$1.3M
latest reported month
Latest 3 months
+$1.9M
+3.4% of assets
Latest 12 months
+$16M
+28.7% of assets
Sep 2025: +$645KOct 2025: $0OctNov 2025: +$650KDec 2025: +$647KDecJan 2026: −$1.3M−$1.3MFeb 2026: +$7.9M+$7.9MFebMar 2026: +$5.2MApr 2026: $0AprMay 2026: +$649KJun 2026: +$251JunJul 2026: +$654KAug 2026: +$1.3MAug
View as a table
Net flows of MNBD by month, Sep 2025 to Aug 2026
MonthNet flow
Aug 2026+$1.3M
Jul 2026+$654K
Jun 2026+$251
May 2026+$649K
Apr 2026$0
Mar 2026+$5.2M
Feb 2026+$7.9M
Jan 2026−$1.3M
Dec 2025+$647K
Nov 2025+$650K
Oct 2025$0
Sep 2025+$645K

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 54 months ago

Similar funds
FundOverlapFeeAssets1Y
MUBiShares National Muni Bond ETF—0.05%$55.0B−1.9%compare
VTEBVanguard Tax-Exempt Bond Index Fund—0.03%$54.0B−2.1%compare
JMUBJPMorgan Municipal ETF—0.18%$9.2B−2.3%compare
CGMUCapital Group Municipal Income ETF—0.27%$7.6B−1.4%compare
PZAInvesco National AMT-Free Municipal Bond ETF—0.28%$4.1B−3.4%compare

The largest other funds in the National Muni category.

Under the hood
fiscal year to Nov 30, 2025SEC census
Authorized participants
3 active
of 3 with agreements; top 3 did 100%
Created · redeemed
$7.6M · $0
over the fiscal year
Redemptions in kind
0%
creations 0% in kind
Creation unit
25,000
shares
Securities lending
not authorized
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-08-31
Holdings
198
AUM
$57.1M
Provider
Nport
Inception
2022-05-19
Exchange
ARCX
Data As Of
2026-08-31
Expense Ratio
0.44%
Dividend Yield
3.45%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-22 2026-10-27 $0.0893 CD
2026-09-17 2026-09-22 $0.0684 CD
2026-08-20 2026-08-25 $0.0739 CD
2026-07-16 2026-07-21 $0.0722 CD
2026-06-18 2026-06-24 $0.0703 CD
2026-05-21 2026-05-27 $0.0729 CD
Asset Allocation
Top Holdings
top 50 of 198 holdings
Symbol Name Weight % Asset Class Country
— Southeast Energy Authority A Cooperative 1.86% Debt US
— Univ Of North Carolina Nc At Chapel Hill Revenue 1.62% Debt US
— Tarrant Cnty Tx Cultural Edu Facs Fin Corp Hosp Revenue 1.58% Debt US
— Pennsylvania St Turnpike Commission Turnpike Revenue 1.50% Debt US
— Federal Home Loan Mtge Corp Mf Variable Rate Ctfs 1.48% Debt US
— South Carolina St Hsg Fin & Dev Auth Mtge Revenue 1.48% Debt US
— Salt Verde Az Financial Corp Senior Gas Revenue 1.24% Debt US
— New York St Dorm Auth St Personal Income Tax Revenue 1.22% Debt US
— North Carolina St Hsg Fin Agy Homeownership Revenue 1.18% Debt US
— Wyoming St Cmnty Dev Auth Hsg Revenue 1.13% Debt US
— Allegheny Cnty Pa Arpt Auth Arpt Revenue 1.10% Debt US
— San Mateo Ca Union High Sch Dist 1.08% Debt US
— Modesto Ca Irr Dist Fing Auth Revenue 1.06% Debt US
— Idaho St Hlth Facs Auth Revenue 1.05% Debt US
— Massachusetts St Dev Fin Agy Revenue 1.05% Debt US
— Morris Mn Area Schs Indep Sch Dist # 2769 1.05% Debt US
— Illinois St Fin Auth Revenue 0.98% Debt US
— North Carolina Hsg Fin Agy Homeownership Revenue 0.98% Debt US
— Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax 0.98% Debt US
— Nebraska St Investment Fin Auth Sf Hsg Revenue 0.96% Debt US
— Illinois St Hsg Dev Auth Revenue 0.94% Debt US
— Federal Home Loan Mtge Corp Mf Variable Rate Ctfs 0.93% Debt US
— Texas St 0.92% Debt US
— Port Of Portland Or Arpt Revenue 0.91% Debt US
— Houston Tx Arpt Sys Revenue 0.90% Debt US
— Federal Home Loan Mtge Corp Mf Variable Rate Ctfs 0.89% Debt US
— Mobile Al Indl Dev Brd Poll Control Revenue 0.88% Debt US
— Pennsylvania St Econ Dev Fing Auth Solid Waste Disposal Rev 0.88% Debt US
— Philadelphia Pa Sch Dist 0.88% Debt US
— Minnesota St Hsg Fin Agy 0.88% Debt US
— New Jersey St Transprtn Trust Fund Auth 0.87% Debt US
— Kentucky St Public Energy Auth Gas Sply Revenue 0.81% Debt US
— Public Fin Auth Wi Poll Control Revenue 0.81% Debt US
— Salt Verde Az Financial Corp Senior Gas Revenue 0.81% Debt US
— California Cmnty Choice Fing Auth Clean Energy Proj Revenue 0.78% Debt US
— Los Angeles Ca Dept Of Arpts Arpt Revenue 0.77% Debt US
— Multnomah Cnty Or Sch Dist #40 0.77% Debt US
— Long Beach Ca Bond Fin Auth Natural Gas Purchase Revenue 0.76% Debt US
— San Antonio Tx Elec & Gas Revenue 0.75% Debt US
— Oregon Coast Or Cmnty Clg Dist 0.75% Debt US
— Lancaster Oh Port Auth Gas Revenue 0.72% Debt US
— Clackamas & Washington Cntys Or Jt Sch Dist #3 West Linn-wil 0.70% Debt US
— Illinois St Fin Auth Revenue 0.68% Debt US
— Wyoming St Cmnty Dev Auth Hsg Revenue 0.67% Debt US
— North East Tx Indep Sch Dist 0.66% Debt US
— Mount San Antonio Ca Cmnty Clg Dist 0.66% Debt US
— Ohio St Hsg Fin Agy Rsdl Mtge Revenue 0.66% Debt US
— New Memphis Arena Public Bldg Auth Tn 0.64% Debt US
— Maricopa Cnty & Phoenix Az Indl Dev Authorities Mtge Revenue 0.64% Debt US
— Energy S E Al A Cooperative Dist Energy Sply Revenue 0.62% Debt US
Non-Equity Breakdown
ALPS | BBH Intermediate Municipal Bond ETF · NPORT-P period 2026-08-31 (filed 2026-10-29)
Net assets: $57M · 198 total positions · equity 0.00% · non-equity 100.37%
Non-equity holdings — 198 positions, 100.37% of NAV
Category Weight Value Positions
Municipal 95.60% $54.4M 191
US Govt-Sponsored Entity 4.60% $2.6M 6
Short-term investment 0.17% $97613 1
Chart
Seasonality
'22'23'24'25'26Avg
Jan--2.17%-0.21%0.00%0.69%0.66%
Feb---2.56%-0.42%0.85%1.03%-0.28%
Mar--2.07%-0.40%-1.55%-2.14%-0.51%
Apr---0.35%-1.02%-0.82%0.32%-0.47%
May2.75%-0.67%-0.58%-0.02%0.04%0.30%
Jun-0.97%0.42%0.77%0.70%0.21%0.23%
Jul1.72%0.00%0.85%-0.20%-1.63%0.15%
Aug-2.46%-0.75%0.23%-0.03%-0.43%-0.69%
Sep-3.41%-2.06%0.39%1.42%-3.47%-1.43%
Oct-1.08%-0.69%-1.59%0.48%2.54%-0.07%
Nov3.61%3.92%0.99%0.10%0.89%*1.90%
Dec-0.82%1.17%-1.90%0.10%---0.36%
Total-0.88%2.51%-2.90%1.00%-2.07%-0.47%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $25.21
SMA 50: $25.09
SMA 200: $25.75
Current: $25.58
EMA 12: $25.37
EMA 26: $25.23
MACD: 0.1442 | Signal: 0.0489
BULLISH
ADX (14): 34.76
TREND
+DI: 49.49
−DI: 13.23

Momentum Oscillators

RSI (14): 75.50
OVERBOUGHT
Stoch %K: 92.46
Stoch %D: 92.52
Williams %R: -10.14

Volume & Volatility

BB Upper: $25.66
BB Lower: $24.76
NEUTRAL
OBV: 113,971
Vol SMA 20: 3,625
Vol ROC: -51.97%
ATR: $0.11
True Range: $0.03
HV 20: 3.2%
HV 30: 6.1%
HV 60: 5.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All MNBD news →

MNBD Options Activity & IV Rank

Loading options activity...
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0534
Alpha: -2.18%
Correlation: 0.2005
R-Squared: 4.0%
Stock Volatility: 3.7%
Market Volatility: 13.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

MNBD Institutional Ownership (13F)

Filings for 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

11 filers325,961 shares$8.16M value
# Filer Shares Value % of Total % of Float Period
1 Tenzing Financial LLC 158,750 $3.97M 48.59% — 2026-09-30
2 Thrivent Financial for Lutherans 36,065 $887.00K 10.87% — 2026-09-30
3 Strategic Financial Concepts, LLC 29,110 $758.02K 9.29% — 2026-06-30
4 Town Capital LLC 25,024 $615.59K 7.54% — 2026-09-30
5 Jane Street Group, LLC Custodian 13,902 $362.01K 4.44% — 2026-06-30
6 Arsenal Capital Advisors LLC 14,679 $361.09K 4.42% — 2026-09-30
7 Concurrent Investment Advisors, LLC 11,466 $282.05K 3.46% — 2026-09-30
8 TRUIST FINANCIAL CORP Custodian 10,335 $254.24K 3.12% — 2026-09-30
9 LPL Financial LLC Custodian 10,057 $247.40K 3.03% — 2026-09-30
10 Tribridge Partners Financial LLC 8,844 $226.72K 2.78% — 2026-06-30
11 Envestnet Asset Management, Inc. 7,729 $201.26K 2.47% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month