GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Stock Price Up 0.3% – What’s Next?

Shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) rose 0.3% during trading on Wednesday . The stock traded as high as $12.15 and last traded at $12.10. Approximately 29,281 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 78,906 shares. The stock had previously closed at $12.06.

GraniteShares HIPS US High Income ETF Price Performance

The firm has a market capitalization of $100.43 million, a price-to-earnings ratio of 11.61 and a beta of 0.78. The firm has a 50 day moving average price of $11.96 and a 200-day moving average price of $11.92.

GraniteShares HIPS US High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 28th were given a $0.1075 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Institutional Investors Weigh In On GraniteShares HIPS US High Income ETF

A number of large investors have recently modified their holdings of HIPS. Hamilton Capital Partners LLC acquired a new stake in GraniteShares HIPS US High Income ETF in the third quarter valued at $6,053,000. Brookwood Investment Group LLC purchased a new position in shares of GraniteShares HIPS US High Income ETF in the 2nd quarter valued at about $208,000. Ethos Financial Group LLC raised its position in shares of GraniteShares HIPS US High Income ETF by 8.0% during the 2nd quarter. Ethos Financial Group LLC now owns 250,676 shares of the company’s stock worth $3,034,000 after acquiring an additional 18,567 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in GraniteShares HIPS US High Income ETF by 11.8% during the second quarter. Orion Porfolio Solutions LLC now owns 61,239 shares of the company’s stock worth $741,000 after purchasing an additional 6,459 shares during the last quarter. Finally, Simplex Trading LLC boosted its holdings in GraniteShares HIPS US High Income ETF by 406.2% in the second quarter. Simplex Trading LLC now owns 2,860 shares of the company’s stock valued at $34,000 after purchasing an additional 2,295 shares in the last quarter.

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.