HighTower Advisors LLC Lowers Stake in Hartford Municipal Opportunities ETF $HMOP

HighTower Advisors LLC lessened its stake in Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) by 74.2% in the 3rd quarter, according to 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 period. HighTower Advisors LLC owned about 2.26% of Hartford Municipal Opportunities ETF worth $13,675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Landmark Wealth Management LLC boosted its position in shares of Hartford Municipal Opportunities ETF by 0.6% during the third quarter. Landmark Wealth Management LLC now owns 58,842 shares of the company’s stock worth $2,293,000 after buying an additional 325 shares during the period. Cornerstone Wealth Group LLC raised its holdings in shares of Hartford Municipal Opportunities ETF by 1.8% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 32,902 shares of the company’s stock valued at $1,282,000 after buying an additional 580 shares during the period. Cornerstone Wealth Management LLC lifted its stake in Hartford Municipal Opportunities ETF by 3.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 37,983 shares of the company’s stock worth $1,480,000 after acquiring an additional 1,434 shares in the last quarter. HB Wealth Management LLC lifted its stake in Hartford Municipal Opportunities ETF by 27.0% during the 3rd quarter. HB Wealth Management LLC now owns 7,167 shares of the company’s stock worth $279,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Strid Group LLC boosted its holdings in Hartford Municipal Opportunities ETF by 2.4% during the 3rd quarter. Strid Group LLC now owns 91,525 shares of the company’s stock valued at $3,567,000 after acquiring an additional 2,122 shares during the period.

Hartford Municipal Opportunities ETF Price Performance

NYSEARCA HMOP opened at $39.74 on Friday. The stock has a 50-day moving average of $39.38 and a two-hundred day moving average of $39.08. Hartford Municipal Opportunities ETF has a 1-year low of $36.75 and a 1-year high of $39.86.

Hartford Municipal Opportunities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were issued a $0.1068 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis 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.