GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS – Get Free Report)’s stock price were down 0.4% on Thursday . The company traded as low as $11.51 and last traded at $11.53. 32,627 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 57,995 shares. The stock had previously closed at $11.58.
GraniteShares HIPS US High Income ETF Stock Performance
The company’s 50-day moving average is $11.55 and its 200-day moving average is $11.76. The firm has a market cap of $110.11 million, a price-to-earnings ratio of 11.61 and a beta of 0.63.
Institutional Trading of GraniteShares HIPS US High Income ETF
A number of hedge funds and other institutional investors have recently modified their holdings of HIPS. Kestra Advisory Services LLC acquired a new position in GraniteShares HIPS US High Income ETF during the 4th quarter worth $112,000. Gateway Wealth Partners LLC bought a new position in GraniteShares HIPS US High Income ETF in the first quarter valued at about $126,000. Envestnet Asset Management Inc. acquired a new stake in GraniteShares HIPS US High Income ETF in the second quarter worth about $128,000. MGO One Seven LLC bought a new stake in GraniteShares HIPS US High Income ETF during the 4th quarter worth about $143,000. Finally, Aurora Private Wealth Inc. acquired a new position in GraniteShares HIPS US High Income ETF during the 4th quarter valued at about $147,000.
GraniteShares HIPS US High Income ETF Company Profile
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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