Hartford Municipal Opportunities Etf Profile
| HMOP Etf | USD 38.36 0.02 0.05% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Hartford Municipal is selling at 38.36 as of the 28th of April 2024; that is -0.05 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 38.32. Hartford Municipal has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Hartford Municipal Opportunities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th of April 2024. Click here to learn more.
The fund invests in investment grade and non-investment grade municipal securities that the sub-adviser considers to be attractive from a yield perspective while considering total return. Hartford Municipal is traded on NYSEARCA Exchange in the United States. More on Hartford Municipal Opportunities
Moving together with Hartford Etf
| 0.74 | MUB | iShares National Muni | PairCorr |
| 0.78 | VTEB | Vanguard Tax Exempt | PairCorr |
| 0.93 | FMB | First Trust Managed | PairCorr |
| 0.84 | ITM | VanEck Intermediate Muni | PairCorr |
| 0.85 | MMIT | IQ MacKay Municipal | PairCorr |
| 0.83 | TAXF | American Century Div | PairCorr |
Moving against Hartford Etf
| 0.42 | FNGD | MicroSectors FANG Index | PairCorr |
Hartford Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hartford Municipal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hartford Municipal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Broad Municipals ETFs, Municipals ETFs, Muni National Interm, Hartford Mutual Funds (View all Sectors) |
| Issuer | Hartford Funds |
| Inception Date | 2017-12-13 |
| Benchmark | Not Applicable |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 404.35 Million |
| Average Trading Valume | 42,218.7 |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Broad Municipals |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Hartford Funds Management Company, LLC |
| Advisor | Hartford Funds Management Company, LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Timothy D. Haney, Brad W. Libby |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 485 |
| Market Maker | Citadel |
| Total Expense | 0.29 |
| Management Fee | 0.29 |
| Country Name | USA |
| Returns Y T D | (0.51) |
| Name | Hartford Municipal Opportunities ETF |
| Currency Code | USD |
| Open Figi | BBG00JGMYWX8 |
| In Threey Volatility | 6.61 |
| 1y Volatility | 6.61 |
| 200 Day M A | 38.0633 |
| 50 Day M A | 38.7301 |
| Code | HMOP |
| Updated At | 28th of April 2024 |
| Currency Name | US Dollar |
Hartford Municipal Opportunities [HMOP] is traded in USA and was established 2017-12-13. The fund is listed under Muni National Interm category and is part of Hartford Mutual Funds family. The entity is thematically classified as Broad Municipals ETFs. Hartford Municipal currently have 284.94 M in assets under management (AUM). , while the total return for the last 3 years was -0.6%.
Check Hartford Municipal Probability Of Bankruptcy
Top Hartford Municipal Opportunities Etf Constituents
| LOS ANGELES CALIF DEPT WTR & PWR REV 0.03% | 1.9299999% |
| MASSACHUSETTS ST DEV FIN AGY REV 4% | 1.3300001% |
| SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALES TAX REV 1.45% | 1.83% |
| PUERTO RICO COMWLTH 5.625% | 1.14% |
| SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALES TAX REV 0.16% | 1.9299999% |
| CLARK CNTY NEV SCH DIST 5% | 1% |
| WEST PALM BEACH FLA UTIL SYS REV 1.7% | 2.0299999% |
| WEST PALM BEACH FLA UTIL SYS REV 0.21% | 2.15% |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG 1.61% | 1.98% |
| CLARK CNTY NEV ARPT REV 5% | 1.11% |
Hartford Municipal Target Price Odds Analysis
In regard to a normal probability distribution, the odds of Hartford Municipal jumping above the current price in 90 days from now is about 90.07%. The Hartford Municipal Opportunities probability density function shows the probability of Hartford Municipal etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Hartford Municipal has a beta of 0.0821. This usually indicates as returns on the market go up, Hartford Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hartford Municipal Opportunities will be expected to be much smaller as well. Additionally, hartford Municipal Opportunities has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Hartford Municipal to move above the current price in 90 days from now is about 90.07 (This Hartford Municipal Opportunities probability density function shows the probability of Hartford Etf to fall within a particular range of prices over 90 days) .
Hartford Municipal Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Hartford Municipal market risk premium is the additional return an investor will receive from holding Hartford Municipal long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hartford Municipal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Hartford Municipal's alpha and beta are two of the key measurements used to evaluate Hartford Municipal's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.41) |
Hartford Municipal Against Markets
Picking the right benchmark for Hartford Municipal etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hartford Municipal etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hartford Municipal is critical whether you are bullish or bearish towards Hartford Municipal Opportunities at a given time. Please also check how Hartford Municipal's historical prices are related to one of the top price index indicators.
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How to buy Hartford Etf?
Before investing in Hartford Municipal, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hartford Municipal. To buy Hartford Municipal etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hartford Municipal. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Hartford Municipal etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Hartford Municipal Opportunities etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Hartford Municipal Opportunities etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Hartford Municipal Opportunities, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Hartford Etf please use our How to Invest in Hartford Municipal guide.
Already Invested in Hartford Municipal Opportunities?
The danger of trading Hartford Municipal Opportunities is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hartford Municipal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hartford Municipal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hartford Municipal is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hartford Municipal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Hartford Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hartford Municipal Opportunities Etf. Highlighted below are key reports to facilitate an investment decision about Hartford Municipal Opportunities Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hartford Municipal Opportunities. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of Hartford Municipal is measured differently than its book value, which is the value of Hartford that is recorded on the company's balance sheet. Investors also form their own opinion of Hartford Municipal's value that differs from its market value or its book value, called intrinsic value, which is Hartford Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hartford Municipal's market value can be influenced by many factors that don't directly affect Hartford Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hartford Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.