GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS – Get Free Report)’s stock price were up 0.2% during trading on Thursday . The stock traded as high as $11.83 and last traded at $11.80. 53,109 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 59,493 shares. The stock had previously closed at $11.78.
GraniteShares HIPS US High Income ETF Price Performance
The company has a market capitalization of $114.94 million, a price-to-earnings ratio of 11.61 and a beta of 0.63. The stock has a 50 day simple moving average of $11.54 and a two-hundred day simple moving average of $11.72.
Institutional Investors Weigh In On GraniteShares HIPS US High Income ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Hamilton Capital Partners LLC boosted its holdings in GraniteShares HIPS US High Income ETF by 82.8% in the fourth quarter. Hamilton Capital Partners LLC now owns 938,415 shares of the company’s stock valued at $10,961,000 after purchasing an additional 425,035 shares in the last quarter. Osaic Holdings Inc. increased its stake in GraniteShares HIPS US High Income ETF by 18.0% in the second quarter. Osaic Holdings Inc. now owns 70,249 shares of the company’s stock valued at $850,000 after purchasing an additional 10,715 shares during the last quarter. Private Advisor Group LLC raised its holdings in GraniteShares HIPS US High Income ETF by 3.2% during the third quarter. Private Advisor Group LLC now owns 80,966 shares of the company’s stock worth $955,000 after purchasing an additional 2,531 shares in the last quarter. Camarda Financial Advisors LLC raised its holdings in GraniteShares HIPS US High Income ETF by 7.7% during the second quarter. Camarda Financial Advisors LLC now owns 83,550 shares of the company’s stock worth $1,011,000 after purchasing an additional 5,990 shares in the last quarter. Finally, MGO One Seven LLC acquired a new stake in GraniteShares HIPS US High Income ETF during the fourth quarter worth approximately $143,000.
About GraniteShares HIPS US High Income ETF
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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