HMOP

Hartford Municipal Opportunities ETF

$39.17

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Hartford Municipal Opportunities ETF (HMOP) seeks to provide current income that is generally exempt from federal income taxes by investing primarily in a diversified portfolio of municipal bonds.

Overview

ETF tracking Hartford Municipal Opportunities ETF

Category Municipal Bonds

Issuer Other

Inception Date 2017-12-14

Market Cap $586.6M

Average Volume N/A

Dividend Yield 2.78%

52-Week Range $37.54 - $39.40

VWAP $39.20

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

HMOP invests in a broad range of municipal bonds, including general obligation bonds, revenue bonds, and other debt securities issued by state and local governments and their agencies. The fund aims to maintain a high-quality portfolio with a focus on investment-grade securities.

✨ Key Features

Exposure to a diversified portfolio of municipal bonds
Potential for tax-exempt income generation
Emphasis on investment-grade securities
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The risk of default or downgrade by the issuer of the municipal bonds
Liquidity risk: The potential difficulty in selling municipal bonds during times of market stress
Tax risk: Changes in tax laws may affect the tax-exempt status of the municipal bonds

👤 Best For

HMOP may be suitable for investors seeking tax-exempt income and a relatively low-risk fixed income investment, particularly those in higher tax brackets who are looking to minimize their tax liability. However, investors should be aware of the potential risks associated with municipal bond investments.