RHS Financial LLC Lowers Stake in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

RHS Financial LLC reduced its stake in shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,052 shares of the company’s stock after selling 2,100 shares during the period. RHS Financial LLC owned approximately 0.28% of GraniteShares HIPS US High Income ETF worth $206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stratos Wealth Advisors LLC lifted its stake in GraniteShares HIPS US High Income ETF by 7.1% during the third quarter. Stratos Wealth Advisors LLC now owns 12,527 shares of the company’s stock worth $163,000 after purchasing an additional 827 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of GraniteShares HIPS US High Income ETF by 266.1% during the 3rd quarter. Private Advisor Group LLC now owns 52,452 shares of the company’s stock valued at $681,000 after buying an additional 38,125 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of GraniteShares HIPS US High Income ETF by 1,198.4% during the 3rd quarter. International Assets Investment Management LLC now owns 12,984 shares of the company’s stock valued at $1,690,000 after buying an additional 11,984 shares in the last quarter. SimpliFi Inc. lifted its position in GraniteShares HIPS US High Income ETF by 2.4% in the 3rd quarter. SimpliFi Inc. now owns 523,961 shares of the company’s stock worth $6,803,000 after buying an additional 12,384 shares during the last quarter. Finally, Grimes & Company Inc. boosted its stake in GraniteShares HIPS US High Income ETF by 15.6% in the third quarter. Grimes & Company Inc. now owns 59,946 shares of the company’s stock worth $778,000 after buying an additional 8,110 shares in the last quarter.

GraniteShares HIPS US High Income ETF Price Performance

Shares of NYSEARCA HIPS opened at $13.06 on Friday. The stock has a market capitalization of $75.10 million, a P/E ratio of 0.86 and a beta of 0.49. GraniteShares HIPS US High Income ETF has a one year low of $12.19 and a one year high of $13.40. The firm’s 50 day simple moving average is $13.03 and its two-hundred day simple moving average is $12.95.

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.