Grimes & Company Inc. Purchases 15,267 Shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

Grimes & Company Inc. increased its position in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 25.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,213 shares of the company’s stock after acquiring an additional 15,267 shares during the quarter. Grimes & Company Inc. owned about 1.31% of GraniteShares HIPS US High Income ETF worth $967,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Stratos Wealth Advisors LLC lifted its position 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 valued at $163,000 after purchasing an additional 827 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in GraniteShares HIPS US High Income ETF by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 123,781 shares of the company’s stock valued at $1,591,000 after purchasing an additional 4,475 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in GraniteShares HIPS US High Income ETF during the third quarter valued at approximately $142,000. International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 11,984 shares during the last quarter. Finally, SimpliFi Inc. lifted its holdings in shares of 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 acquiring an additional 12,384 shares during the last quarter.

GraniteShares HIPS US High Income ETF Stock Performance

Shares of HIPS opened at $13.15 on Friday. The firm has a market cap of $75.61 million, a price-to-earnings ratio of 0.86 and a beta of 0.49. GraniteShares HIPS US High Income ETF has a fifty-two week low of $12.19 and a fifty-two week high of $13.40. The firm has a 50 day moving average price of $13.03 and a 200-day moving average price of $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.