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Upturn AI SWOT - About
Hartford Municipal Opportunities ETF (HMOP)
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Upturn Advisory Summary
08/14/2025: HMOP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 0.05% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.86 | 52 Weeks Range 36.43 - 38.92 | Updated Date 06/30/2025 |
52 Weeks Range 36.43 - 38.92 | Updated Date 06/30/2025 |
Upturn AI SWOT
Hartford Municipal Opportunities ETF
ETF Overview
Overview
The Hartford Municipal Opportunities ETF (HMOP) seeks to provide current income exempt from federal income tax by investing primarily in municipal securities. It focuses on a diversified portfolio of investment-grade municipal bonds across various states and sectors.
Reputation and Reliability
Hartford Funds is a well-established asset manager with a long history and strong reputation in the investment industry.
Management Expertise
Hartford Funds has a team of experienced fixed-income professionals managing the ETF, with expertise in municipal bond analysis and portfolio construction.
Investment Objective
Goal
To provide current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: Actively managed portfolio of municipal securities.
Composition Primarily holds investment-grade municipal bonds.
Market Position
Market Share: Market share data for HMOP is not readily available.
Total Net Assets (AUM): 115600000
Competitors
Key Competitors
- VTEB
- MUB
- ITM
Competitive Landscape
The municipal bond ETF market is highly competitive. HMOP competes with larger, more established ETFs like VTEB and MUB, which offer greater liquidity and lower expense ratios. HMOP's active management aims to outperform these passively managed funds, but this also introduces higher management fees and potential for underperformance.
Financial Performance
Historical Performance: Historical performance data should be obtained from reputable financial data providers.
Benchmark Comparison: Benchmark comparisons should be made against a relevant municipal bond index.
Expense Ratio: 0.29
Liquidity
Average Trading Volume
The average trading volume for HMOP indicates the ease with which shares can be bought and sold. It is considered moderate.
Bid-Ask Spread
The bid-ask spread for HMOP can fluctuate and can impact trading costs.
Market Dynamics
Market Environment Factors
Economic indicators like interest rates, inflation expectations, and state and local government fiscal health influence HMOP's performance.
Growth Trajectory
Growth depends on the demand for tax-exempt income and the ability of the fund managers to generate alpha through active management. Changes in tax laws can also have an impact.
Moat and Competitive Advantages
Competitive Edge
HMOP's competitive advantage lies in its active management strategy, which aims to identify undervalued municipal bonds and generate higher returns compared to passive index-tracking ETFs. However, this active management also brings added costs. The fund's smaller size may allow for more nimble portfolio adjustments compared to larger competitors. The potential for outperformance through security selection and duration management is HMOP's key differentiator.
Risk Analysis
Volatility
The volatility of HMOP will depend on the interest rate environment and the credit quality of its holdings.
Market Risk
Market risk includes interest rate risk, credit risk (risk of default by municipal issuers), and liquidity risk.
Investor Profile
Ideal Investor Profile
HMOP is suitable for investors seeking tax-exempt income and are comfortable with moderate risk and the costs associated with active management.
Market Risk
HMOP is suitable for long-term investors seeking tax-advantaged income, but may not be appropriate for active traders due to its relatively lower liquidity compared to larger ETFs.
Summary
The Hartford Municipal Opportunities ETF (HMOP) offers tax-exempt income through a portfolio of municipal bonds. It employs an active management strategy aiming to outperform passively managed peers. HMOP is appropriate for long-term investors seeking stable income and tax advantages. However, investors must consider HMOP's comparatively lower AUM and trading volume, as well as its slightly higher expense ratio due to the active management strategy. The success of the ETF is dependent upon the fund managers skill in navigating the municipal bond market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Hartford Funds website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market conditions and data can change rapidly, and past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hartford Municipal Opportunities ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objective by investing in investment grade and non-investment grade municipal securities that the sub-adviser, Wellington Management, considers to be attractive from a yield perspective while considering total return. At least 80% of the fund"s net assets must be invested in municipal securities, and up to 35% of the fund"s net assets may be invested in non-investment grade municipal securities.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.