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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 March 23, 2026, APMU stock price was flat at $24.94 with 53,935 million shares trading.
APMU has a beta of -0.05, meaning it tends to be less sensitive to market movements. APMU has a correlation of 0.06 to the broad based SPY ETF.
APMU has a market cap of $218.85 million. This is considered a Small Cap stock.
APMU has underperformed the market in the last year with a return of +3.4%, while SPY returned +17.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in APMU shares. However, APMU has outperformed the market in the last 3 month and 2 week periods, returning -0.1% and -1.1%, while SPY returned -4.5% and -3.1%, respectively. This indicates APMU has been having a stronger performance recently.
APMU support price is $24.88 and resistance is $25.00 (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.