Hartford Municipal Opportunities ETF $HMOP Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its holdings in Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) by 74.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 350,901 shares of the company’s stock after selling 1,007,587 shares during the quarter. HighTower Advisors LLC’s holdings in Hartford Municipal Opportunities ETF were worth $13,675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Hartford Municipal Opportunities ETF by 22.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,178 shares of the company’s stock worth $57,924,000 after purchasing an additional 275,975 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Hartford Municipal Opportunities ETF by 3.7% during the second quarter. Raymond James Financial Inc. now owns 1,186,316 shares of the company’s stock worth $45,412,000 after purchasing an additional 41,834 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Hartford Municipal Opportunities ETF by 8.3% during the 2nd quarter. Bank of America Corp DE now owns 790,665 shares of the company’s stock worth $30,267,000 after buying an additional 60,807 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Hartford Municipal Opportunities ETF by 2.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 721,130 shares of the company’s stock worth $27,605,000 after buying an additional 18,406 shares during the last quarter. Finally, Legacy Wealth Management Inc boosted its holdings in shares of Hartford Municipal Opportunities ETF by 9.2% in the 3rd quarter. Legacy Wealth Management Inc now owns 547,484 shares of the company’s stock valued at $21,335,000 after buying an additional 46,048 shares in the last quarter.

Hartford Municipal Opportunities ETF Price Performance

NYSEARCA HMOP opened at $39.74 on Friday. The firm’s fifty day moving average price is $39.38 and its 200 day moving average price is $39.08. Hartford Municipal Opportunities ETF has a 12 month low of $36.75 and a 12 month high of $39.86.

Hartford Municipal Opportunities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Friday, January 30th were issued a dividend of $0.1068 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.2%.

Hartford Municipal Opportunities ETF Profile

The Hartford Municipal Opportunities ETF (HMOP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively-managed to provide current income and long-term total return from a broad portfolio of municipal bonds. HMOP was launched on Dec 13, 2017 and is managed by Hartford.