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

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) announced a monthly dividend on Wednesday, September 30th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.0321 per share on Friday, October 2nd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, October 1st. This is a 24.8% increase from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.0257.

ActivePassive Intermediate Municipal Bond ETF Price Performance

NYSEARCA APMU opened at $23.96 on Thursday. ActivePassive Intermediate Municipal Bond ETF has a 12 month low of $23.76 and a 12 month high of $25.99. The stock has a 50 day moving average of $24.55 and a 200-day moving average of $24.80.

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.