Private Advisor Group LLC Buys 38,125 Shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

Private Advisor Group LLC increased its stake in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 266.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,452 shares of the company’s stock after purchasing an additional 38,125 shares during the quarter. Private Advisor Group LLC owned approximately 0.91% of GraniteShares HIPS US High Income ETF worth $681,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Advisors LLC grew its stake in GraniteShares HIPS US High Income ETF by 7.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 12,527 shares of the company’s stock valued at $163,000 after buying an additional 827 shares in the last quarter. RHS Financial LLC grew its stake in GraniteShares HIPS US High Income ETF by 7.7% in the 2nd quarter. RHS Financial LLC now owns 31,631 shares of the company’s stock valued at $405,000 after buying an additional 2,260 shares in the last quarter. Aurora Private Wealth Inc. grew its stake in GraniteShares HIPS US High Income ETF by 9.2% in the 2nd quarter. Aurora Private Wealth Inc. now owns 51,816 shares of the company’s stock valued at $664,000 after buying an additional 4,371 shares in the last quarter. Finally, SimpliFi Inc. grew its stake in GraniteShares HIPS US High Income ETF by 2.6% in the 2nd quarter. SimpliFi Inc. now owns 511,577 shares of the company’s stock valued at $6,553,000 after buying an additional 12,724 shares in the last quarter.

GraniteShares HIPS US High Income ETF Trading Down 0.1 %

GraniteShares HIPS US High Income ETF stock opened at $12.69 on Monday. GraniteShares HIPS US High Income ETF has a 1-year low of $11.73 and a 1-year high of $13.22. The firm has a market capitalization of $72.97 million, a price-to-earnings ratio of 0.86 and a beta of 0.49. The firm has a 50 day simple moving average of $12.92 and a 200 day simple moving average of $12.83.

GraniteShares HIPS US High Income ETF 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.