ActivePassive Intermediate Municipal Bond ETF Declares Monthly Dividend of $0.03 (NYSEARCA:APMU)

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) declared a monthly dividend on Monday, August 31st. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.0257 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, September 1st.

ActivePassive Intermediate Municipal Bond ETF Price Performance

NYSEARCA:APMU remained flat at $24.63 on Wednesday. The company’s stock had a trading volume of 39,055 shares, compared to its average volume of 28,016. The firm has a 50 day moving average of $24.81 and a two-hundred day moving average of $24.96. ActivePassive Intermediate Municipal Bond ETF has a 12-month low of $24.57 and a 12-month high of $25.99.

ActivePassive Intermediate Municipal Bond ETF Company Profile

The ActivePassive Intermediate Municipal Bond ETF (APMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that blends active and passive investment strategies to provide current income exempt from federal taxes consistent with low volatility of principal. The ETF uses a portfolio of mostly investment grade municipal bonds, with a dollar-weighted average maturity of more than three but less than ten years. APMU was launched on May 3, 2023 and is managed by Envestnet.