International Assets Investment Management LLC Takes Position in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

International Assets Investment Management LLC purchased a new stake in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $156,000.

Other large investors have also recently bought and sold shares of the company. Moors & Cabot Inc. acquired a new position in GraniteShares HIPS US High Income ETF in the third quarter valued at $163,000. Advisor Resource Council purchased a new position in shares of GraniteShares HIPS US High Income ETF during the fourth quarter worth about $228,000. Finally, RHS Financial LLC acquired a new position in GraniteShares HIPS US High Income ETF in the 4th quarter valued at about $447,000.

GraniteShares HIPS US High Income ETF Trading Down 0.7 %

GraniteShares HIPS US High Income ETF stock opened at $12.60 on Monday. The stock has a market capitalization of $70.56 million, a price-to-earnings ratio of 0.85 and a beta of 0.53. The stock has a 50 day moving average of $12.64 and a two-hundred day moving average of $12.35. GraniteShares HIPS US High Income ETF has a twelve month low of $11.22 and a twelve month high of $12.93.

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.