Merit Financial Group LLC Sells 52,942 Shares of Hartford Municipal Opportunities ETF $HMOP

Merit Financial Group LLC lowered its stake in shares of Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) by 64.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 28,572 shares of the company’s stock after selling 52,942 shares during the quarter. Merit Financial Group LLC’s holdings in Hartford Municipal Opportunities ETF were worth $1,113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Evolution Wealth Management Inc. bought a new position in Hartford Municipal Opportunities ETF during the third quarter valued at $115,000. United Community Bank purchased a new position in shares of Hartford Municipal Opportunities ETF during the 3rd quarter valued at $116,000. Hill Island Financial LLC bought a new position in shares of Hartford Municipal Opportunities ETF during the 3rd quarter worth $210,000. Truist Financial Corp purchased a new stake in Hartford Municipal Opportunities ETF in the 3rd quarter worth about $214,000. Finally, Princeton Global Asset Management LLC raised its stake in Hartford Municipal Opportunities ETF by 80.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 6,043 shares of the company’s stock valued at $231,000 after acquiring an additional 2,703 shares during the period.

Hartford Municipal Opportunities ETF Trading Up 0.0%

Shares of NYSEARCA:HMOP opened at $39.77 on Wednesday. The company has a 50-day moving average price of $39.34 and a two-hundred day moving average price of $39.06. Hartford Municipal Opportunities ETF has a twelve month low of $36.75 and a twelve month high of $39.79.

Hartford Municipal Opportunities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Friday, January 30th were issued a dividend of $0.1068 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.2%.

Hartford Municipal Opportunities ETF Company 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.