GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Trading Up 0.2% – Time to Buy?

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPSGet Free Report)’s share price traded up 0.2% on Thursday . The company traded as high as $11.77 and last traded at $11.73. 87,844 shares changed hands during trading, an increase of 45% from the average daily volume of 60,535 shares. The stock had previously closed at $11.71.

GraniteShares HIPS US High Income ETF Stock Performance

The business has a 50 day moving average price of $11.64 and a 200-day moving average price of $11.69. The company has a market capitalization of $113.78 million, a price-to-earnings ratio of 11.61 and a beta of 0.63.

GraniteShares HIPS US High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, August 27th were paid a $0.1075 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a c) annualized dividend and a yield of 11.0%.

Institutional Trading of GraniteShares HIPS US High Income ETF

Several hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC lifted its position in shares of GraniteShares HIPS US High Income ETF by 204.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 166,565 shares of the company’s stock valued at $2,016,000 after acquiring an additional 111,785 shares during the period. Cetera Investment Advisers boosted its position in shares of GraniteShares HIPS US High Income ETF by 9.8% during the 4th quarter. Cetera Investment Advisers now owns 83,911 shares of the company’s stock worth $980,000 after purchasing an additional 7,492 shares in the last quarter. Camarda Financial Advisors LLC grew its stake in shares of GraniteShares HIPS US High Income ETF by 7.7% in the 2nd quarter. Camarda Financial Advisors LLC now owns 83,550 shares of the company’s stock valued at $1,011,000 after buying an additional 5,990 shares during the period. Private Advisor Group LLC increased its position in GraniteShares HIPS US High Income ETF by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 80,966 shares of the company’s stock valued at $955,000 after buying an additional 2,531 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in GraniteShares HIPS US High Income ETF by 18.0% during the 2nd quarter. Osaic Holdings Inc. now owns 70,249 shares of the company’s stock worth $850,000 after buying an additional 10,715 shares during the period.

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.

Further Reading

Receive News & Ratings for GraniteShares HIPS US High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares HIPS US High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.