Hartford Municipal Opportunities ETF (HMOP)
Hartford Municipal Opportunities ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Hartford, CT, US. The stock last traded at $38.81, up 0.04% on the session, giving a market capitalisation of $790.2M. Its beta of 0.83 implies it has historically moved less than the broad market.
HMOP is an actively managed fund that seeks federal tax-exempt income by investing in municipal securities. The funds sub-advisor, Wellington Management, selects securities they consider attractive from a yield perspective in considering total return. The portfolio selection involves a top-down strategy, bottom-up fundamentalresearch and risk management. Wellington Management considers financially material ESG factors in its research. HMOP may hold some securities that produce taxable income. Up to 35% of the portfolio may be in high-yield municipal bonds. There is no specific limitations as to maturity or duration.
Hartford Municipal Opportunities ETF is most often compared with the following Financial Services names: