ActivePassive Intermediate Municipal Bond ETF (APMU)
ActivePassive Intermediate Municipal Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Berwyn, PA, US. The stock last traded at $24.74, down 0.04% on the session, giving a market capitalisation of $235.7M. Its beta of 0.63 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) strategically combines active and passive investment approaches. Its primary objective is to achieve superior cost efficiency, improve its tracking performance against its benchmark—the Bloomberg Municipal 1-10 Year Blend Index—and enhance potential returns. Under typical market conditions, the fund will commit at least 80% of its total assets to U.S. municipal debt instruments that are exempt from U.S. federal income tax and carry an investment-grade credit rating or better.
ActivePassive Intermediate Municipal Bond ETF is most often compared with the following Financial Services names: