GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its position in shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,224 shares of the company’s stock after purchasing an additional 16,019 shares during the period. LPL Financial LLC owned about 3.77% of GraniteShares HIPS US High Income ETF worth $4,048,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SimpliFi Inc. lifted its position in shares of GraniteShares HIPS US High Income ETF by 2.3% during the 1st quarter. SimpliFi Inc. now owns 597,873 shares of the company’s stock worth $7,605,000 after purchasing an additional 13,215 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of GraniteShares HIPS US High Income ETF by 4.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 128,892 shares of the company’s stock worth $1,640,000 after purchasing an additional 5,111 shares during the last quarter. RiverTree Advisors LLC purchased a new stake in shares of GraniteShares HIPS US High Income ETF during the 1st quarter worth $1,307,000. Private Advisor Group LLC lifted its position in shares of GraniteShares HIPS US High Income ETF by 14.8% during the 1st quarter. Private Advisor Group LLC now owns 75,396 shares of the company’s stock worth $959,000 after purchasing an additional 9,717 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in GraniteShares HIPS US High Income ETF in the fourth quarter valued at $433,000.

GraniteShares HIPS US High Income ETF Price Performance

Shares of HIPS opened at $12.20 on Friday. GraniteShares HIPS US High Income ETF has a 1-year low of $10.87 and a 1-year high of $13.40. The stock has a market cap of $106.14 million, a PE ratio of 11.61 and a beta of 1.11. The firm has a fifty day moving average price of $12.23 and a 200 day moving average price of $12.37.

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.