GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS – Get Free Report) dropped 0.5% during mid-day trading on Monday . The company traded as low as $11.60 and last traded at $11.63. Approximately 550,778 shares were traded during mid-day trading, an increase of 771% from the average daily volume of 63,240 shares. The stock had previously closed at $11.69.
GraniteShares HIPS US High Income ETF Price Performance
The stock has a market capitalization of $101.18 million, a price-to-earnings ratio of 11.61 and a beta of 0.65. The stock’s 50 day simple moving average is $11.76 and its 200-day simple moving average is $11.84.
Institutional Trading of GraniteShares HIPS US High Income ETF
A number of institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in shares of GraniteShares HIPS US High Income ETF in the fourth quarter worth about $112,000. Gateway Wealth Partners LLC acquired a new stake in shares of GraniteShares HIPS US High Income ETF in the first quarter worth about $126,000. Stratos Wealth Advisors LLC acquired a new stake in shares of GraniteShares HIPS US High Income ETF in the third quarter worth about $127,000. Envestnet Asset Management Inc. acquired a new stake in shares of GraniteShares HIPS US High Income ETF in the second quarter worth about $128,000. Finally, MGO One Seven LLC acquired a new stake in shares of GraniteShares HIPS US High Income ETF in the fourth quarter worth about $143,000.
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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