ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Plans Dividend Increase – $0.03 Per Share

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) announced a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be given a dividend of $0.0321 per share on Friday, October 2nd. This represents a $0.39 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend 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 Stock Up 0.4%

Shares of ActivePassive Intermediate Municipal Bond ETF stock opened at $23.96 on Thursday. The business’s fifty day moving average price is $24.55 and its two-hundred day moving average price is $24.80. ActivePassive Intermediate Municipal Bond ETF has a 1-year low of $23.76 and a 1-year 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.