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

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) announced a monthly dividend on Monday, August 31st. Investors of record on Tuesday, September 1st will be given 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 Stock Performance

NYSEARCA APMU remained flat at $24.63 during trading on Wednesday. The company’s stock had a trading volume of 39,055 shares, compared to its average volume of 28,016. ActivePassive Intermediate Municipal Bond ETF has a 12 month low of $24.57 and a 12 month high of $25.99. The stock has a fifty day moving average price of $24.81 and a 200 day moving average price of $24.96.

About ActivePassive Intermediate Municipal Bond ETF

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.