Ethos Financial Group LLC Sells 47,730 Shares of GraniteShares HIPS US High Income ETF $HIPS

Ethos Financial Group LLC cut its holdings in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 16.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 245,338 shares of the company’s stock after selling 47,730 shares during the period. Ethos Financial Group LLC owned approximately 2.73% of GraniteShares HIPS US High Income ETF worth $2,866,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Silver Oak Securities Incorporated boosted its holdings in GraniteShares HIPS US High Income ETF by 9.7% in the 4th quarter. Silver Oak Securities Incorporated now owns 15,337 shares of the company’s stock valued at $179,000 after purchasing an additional 1,359 shares during the period. Private Advisor Group LLC increased its holdings in shares of GraniteShares HIPS US High Income ETF by 3.2% during the third quarter. Private Advisor Group LLC now owns 80,966 shares of the company’s stock worth $955,000 after purchasing an additional 2,531 shares during the period. Jane Street Group LLC raised its position in shares of GraniteShares HIPS US High Income ETF by 15.8% in the first quarter. Jane Street Group LLC now owns 39,015 shares of the company’s stock valued at $496,000 after buying an additional 5,312 shares in the last quarter. Camarda Financial Advisors LLC boosted its stake in shares of GraniteShares HIPS US High Income ETF by 7.7% in the second quarter. Camarda Financial Advisors LLC now owns 83,550 shares of the company’s stock valued at $1,011,000 after buying an additional 5,990 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of GraniteShares HIPS US High Income ETF by 11.8% in the second quarter. Orion Porfolio Solutions LLC now owns 61,239 shares of the company’s stock valued at $741,000 after buying an additional 6,459 shares during the period.

GraniteShares HIPS US High Income ETF Price Performance

Shares of NYSEARCA:HIPS opened at $11.61 on Friday. The business’s 50 day simple moving average is $11.83 and its 200 day simple moving average is $11.82. GraniteShares HIPS US High Income ETF has a 1 year low of $10.87 and a 1 year high of $12.66. The company has a market capitalization of $96.36 million, a P/E ratio of 11.61 and a beta of 0.78.

GraniteShares HIPS US High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.1075 per share. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend was Wednesday, February 25th.

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.