GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Shares Acquired by SimpliFi Inc.

SimpliFi Inc. raised its holdings in shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 2.4% in the third quarter, Holdings Channel.com reports. The firm owned 523,961 shares of the company’s stock after buying an additional 12,384 shares during the period. GraniteShares HIPS US High Income ETF comprises 3.0% of SimpliFi Inc.’s portfolio, making the stock its 11th largest holding. SimpliFi Inc. owned approximately 0.09% of GraniteShares HIPS US High Income ETF worth $6,803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. RHS Financial LLC grew its position in shares of GraniteShares HIPS US High Income ETF by 7.7% during the second quarter. RHS Financial LLC now owns 31,631 shares of the company’s stock worth $405,000 after buying an additional 2,260 shares in the last quarter. Aurora Private Wealth Inc. boosted its stake in GraniteShares HIPS US High Income ETF by 9.2% during the 2nd quarter. Aurora Private Wealth Inc. now owns 51,816 shares of the company’s stock valued at $664,000 after acquiring an additional 4,371 shares during the last quarter. Stratos Wealth Advisors LLC boosted its stake in GraniteShares HIPS US High Income ETF by 7.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 12,527 shares of the company’s stock valued at $163,000 after acquiring an additional 827 shares during the last quarter. Private Advisor Group LLC increased its position in shares of GraniteShares HIPS US High Income ETF by 266.1% in the 3rd quarter. Private Advisor Group LLC now owns 52,452 shares of the company’s stock worth $681,000 after purchasing an additional 38,125 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of GraniteShares HIPS US High Income ETF by 1,198.4% in the 3rd quarter. International Assets Investment Management LLC now owns 12,984 shares of the company’s stock worth $1,690,000 after purchasing an additional 11,984 shares during the last quarter.

GraniteShares HIPS US High Income ETF Stock Performance

Shares of HIPS stock opened at $12.81 on Thursday. The stock has a market capitalization of $73.66 million, a price-to-earnings ratio of 0.86 and a beta of 0.49. GraniteShares HIPS US High Income ETF has a one year low of $11.39 and a one year high of $13.22. The company’s 50-day simple moving average is $12.94 and its 200-day simple moving average is $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.