APMU vs. OVM ETF Comparison
Comparison of Trust for Professional Managers ActivePassive Intermediate Municipal Bond ETF (APMU) to Overlay Shares Municipal Bond ETF (OVM)
APMU
Trust for Professional Managers ActivePassive Intermediate Municipal Bond ETF
APMU Description
The fund is an actively-managed exchange-traded fund ("ETF") that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund"s benchmark index, the Bloomberg Municipal 1-10 Year Blend Index. Under normal market conditions, the fund 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.
Grade (RS Rating)
Last Trade
$25.04
Average Daily Volume
12,433
1
OVM
Overlay Shares Municipal Bond ETF
OVM Description
The investment seeks total return. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.Grade (RS Rating)
Last Trade
$22.37
Average Daily Volume
3,143
1
Performance
| Period | APMU | OVM |
|---|---|---|
| 30 Days | 0.87% | 1.22% |
| 60 Days | 1.86% | 1.15% |
| 90 Days | 2.69% | 2.66% |
| 12 Months | 4.89% | 7.38% |
1 Overlapping Holdings
| Symbol | Grade | Weight in APMU | Weight in OVM | Overlap | |
|---|---|---|---|---|---|
| MUB | A | 18.28% | 99.73% | 18.28% |
APMU Overweight 0 Positions Relative to OVM
| Symbol | Grade | Weight |
|---|
APMU Underweight 0 Positions Relative to OVM
| Symbol | Grade | Weight |
|---|
APMU: Top Represented Industries & Keywords
OVM: Top Represented Industries & Keywords
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