Hartford Municipal Ownership
| HMOP Etf | USD 39.03 0.05 0.13% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Hartford |
Hartford Etf Ownership Analysis
Hartford Municipal is is formed as Regulated Investment Company in the United States. ETF is managed and operated by Hartford Funds Management Company, LLC. The fund has 516 constituents with avarage daily trading value of 46 K. The fund charges 0.31 percent management fee with a total expences of 0.44 percent of total asset. The fund retains most of the assets under management (AUM) in different types of exotic instruments. Hartford Municipal last dividend was 0.0576 per share. 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. To learn more about Hartford Municipal Opportunities call the company at NA.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Hartford Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Hartford Municipal , and the less return is expected.
Investment Allocations (%)
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 Outstanding Bonds
Hartford Municipal issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Hartford Municipal uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Hartford bonds can be classified according to their maturity, which is the date when Hartford Municipal Opportunities has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with Hartford Municipal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hartford Municipal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hartford Municipal will appreciate offsetting losses from the drop in the long position's value.Moving together with Hartford Etf
| 0.95 | MUB | iShares National Muni | PairCorr |
| 0.96 | VTEB | Vanguard Tax Exempt | PairCorr |
| 0.97 | FMB | First Trust Managed | PairCorr |
| 0.95 | ITM | VanEck Intermediate Muni | PairCorr |
| 0.96 | MMIT | IQ MacKay Municipal | PairCorr |
Moving against Hartford Etf
| 0.47 | ITWO | Proshares Russell 2000 Low Volatility | PairCorr |
| 0.41 | MEME | Roundhill Investments | PairCorr |
| 0.4 | RSPY | Tuttle Capital Management | PairCorr |
| 0.36 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.33 | DSJA | DSJA | PairCorr |
The ability to find closely correlated positions to Hartford Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hartford Municipal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hartford Municipal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hartford Municipal Opportunities to buy it.
The correlation of Hartford Municipal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hartford Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hartford Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hartford Municipal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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.