GraniteShares HIPS US High Income ETF $HIPS Shares Acquired by Ethos Financial Group LLC

Ethos Financial Group LLC boosted its position in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 8.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 250,676 shares of the company’s stock after purchasing an additional 18,567 shares during the period. Ethos Financial Group LLC owned approximately 2.90% of GraniteShares HIPS US High Income ETF worth $3,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Simplex Trading LLC raised its stake in shares of GraniteShares HIPS US High Income ETF by 406.2% in the 2nd quarter. Simplex Trading LLC now owns 2,860 shares of the company’s stock worth $34,000 after buying an additional 2,295 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in GraniteShares HIPS US High Income ETF during the second quarter worth about $127,000. Envestnet Asset Management Inc. acquired a new position in GraniteShares HIPS US High Income ETF during the second quarter worth about $128,000. Brookwood Investment Group LLC bought a new stake in GraniteShares HIPS US High Income ETF in the second quarter worth about $208,000. Finally, Maridea Wealth Management LLC acquired a new stake in GraniteShares HIPS US High Income ETF in the 1st quarter valued at about $235,000.

GraniteShares HIPS US High Income ETF Trading Up 0.2%

NYSEARCA:HIPS opened at $11.60 on Thursday. The company has a 50-day moving average of $11.88 and a 200-day moving average of $12.06. The firm has a market cap of $111.94 million, a price-to-earnings ratio of 11.61 and a beta of 0.78. GraniteShares HIPS US High Income ETF has a twelve month low of $10.87 and a twelve month high of $13.40.

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.