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APMU is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the Bloomberg Municipal 1-10 Year Blend Index, the Fund's benchmark index. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing. APMU will invest at least 80% of its net assets in U.S. municipal bond securities that are exempt from U.S. federal income tax and are rated investment grade or better.
Activepassive Intermediate Municipal Bond ETF trades on the ARCA stock market under the symbol APMU.
As of April 2, 2026, APMU stock price climbed to $24.90 with 12,866 million shares trading.
APMU has a beta of -0.04, meaning it tends to be less sensitive to market movements. APMU has a correlation of 0.04 to the broad based SPY ETF.
APMU has a market cap of $218.50 million. This is considered a Small Cap stock.
APMU has underperformed the market in the last year with a price return of +3.6% while the SPY ETF gained +18.2%. However, in the short term, APMU had mixed performance relative to the market. It has outperformed in the last 3 months, returning -0.1% vs -3.6% return in SPY. But in the last 2 weeks, APMU shares have been beat by the market, returning -0.6% compared to an SPY return of -0.6%.
APMU support price is $24.81 and resistance is $24.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APMU shares will trade within this expected range on the day.