World Investment Advisors has significantly reduced its stake in the Hartford Municipal Opportunities ETF (NYSEARCA: HMOP), selling 39,075 shares in the second quarter of 2023. According to the latest 13F filing with the Securities and Exchange Commission, the institutional investor now holds 94,893 shares, representing a decrease of 29.2% from the previous quarter. As of the most recent filing, the value of these holdings is approximately $3,633,000.
Other institutional investors have also made adjustments to their positions in the Hartford Municipal Opportunities ETF. For instance, HighTower Advisors LLC increased its stake by 5.5% during the first quarter, acquiring an additional 86,456 shares. This brings their total holding to 1,659,080 shares, valued at about $63,792,000.
In addition, Northwestern Mutual Wealth Management Co. saw its holdings rise by 7.1% during the same period, now owning 1,237,203 shares valued at $47,570,000. Raymond James Financial Inc. also increased its stake by 1.6%, bringing its ownership to 1,144,482 shares worth $44,005,000.
Another notable change came from Steward Partners Investment Advisory LLC, which boosted its holdings by 28.3%, acquiring an additional 155,195 shares for a total of 702,724 shares, currently valued at $27,020,000. Additionally, Apollon Wealth Management LLC established a new position in the ETF during the second quarter, valued at approximately $15,835,000.
Market Performance of HMOP
The Hartford Municipal Opportunities ETF experienced a slight decline of 0.6% in trading on Friday, opening at $39.06. Over the past year, the ETF has seen a low of $36.75 and a high of $39.84. The fund’s 50-day moving average stands at $38.92, while the 200-day moving average is at $38.41.
About Hartford Municipal Opportunities ETF
The Hartford Municipal Opportunities ETF, launched on December 13, 2017, primarily invests in investment-grade fixed income. This actively managed fund aims to provide both current income and long-term total return through a diverse portfolio of municipal bonds. Managed by Hartford, the ETF caters to investors seeking stable income from municipal debt.
For further insights into the latest changes in holdings and market performance, investors can visit sites like HoldingsChannel.com for detailed 13F filings and insider trades related to the Hartford Municipal Opportunities ETF.
