GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Trading Down 0.4% – Here’s What Happened

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS – Get Free Report) shares traded down 0.4% on Monday . The stock traded as low as $11.77 and last traded at $11.80. 27,981 shares were traded during mid-day trading, a decline of 51% from the average session volume of 57,492 shares. The stock had previously closed at $11.85.

GraniteShares HIPS US High Income ETF Stock Performance

The stock has a market cap of $102.66 million, a P/E ratio of 11.61 and a beta of 0.65. The firm’s 50 day moving average is $11.77 and its 200 day moving average is $11.84.

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GraniteShares HIPS US High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.1075 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

Institutional Trading of GraniteShares HIPS US High Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in GraniteShares HIPS US High Income ETF during the fourth quarter worth $112,000. Stratos Wealth Advisors LLC purchased a new stake in GraniteShares HIPS US High Income ETF during the third quarter worth $127,000. Envestnet Asset Management Inc. purchased a new stake in GraniteShares HIPS US High Income ETF during the second quarter worth $128,000. MGO One Seven LLC purchased a new stake in GraniteShares HIPS US High Income ETF during the fourth quarter worth $143,000. Finally, Aurora Private Wealth Inc. purchased a new position in GraniteShares HIPS US High Income ETF during the fourth quarter valued at $147,000.

About GraniteShares HIPS US High Income ETF

(Get Free Report)

The GraniteShares HIPS US High Income ETF (HIPS) is an exchange-traded fund that is based on the TFMS HIPS index. The fund tracks an index of assets that tend to produce high income and pass through that income without being taxed at the constituent level. These include REITs, MLPs, BDCs and debt-based closed-end funds. HIPS was launched on Jan 6, 2015 and is managed by GraniteShares.

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