Belpointe Asset Management LLC Takes Position in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

Belpointe Asset Management LLC acquired a new stake in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,059 shares of the company’s stock, valued at approximately $37,000. Belpointe Asset Management LLC owned approximately 0.06% of GraniteShares HIPS US High Income ETF at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of GraniteShares HIPS US High Income ETF by 23.6% in the 4th quarter. LPL Financial LLC now owns 117,411 shares of the company’s stock valued at $1,408,000 after acquiring an additional 22,437 shares in the last quarter. RHS Financial LLC acquired a new stake in GraniteShares HIPS US High Income ETF in the 4th quarter valued at about $167,000. Aurora Private Wealth Inc. lifted its stake in GraniteShares HIPS US High Income ETF by 2.3% in the 4th quarter. Aurora Private Wealth Inc. now owns 42,106 shares of the company’s stock valued at $505,000 after purchasing an additional 928 shares during the last quarter. Jane Street Group LLC acquired a new stake in GraniteShares HIPS US High Income ETF in the 3rd quarter valued at about $268,000. Finally, Citadel Advisors LLC acquired a new stake in GraniteShares HIPS US High Income ETF in the 3rd quarter valued at about $166,000.

GraniteShares HIPS US High Income ETF Stock Performance

Shares of NYSEARCA:HIPS opened at $11.35 on Friday. GraniteShares HIPS US High Income ETF has a 52-week low of $11.17 and a 52-week high of $13.75. The company has a market capitalization of $53.89 million, a P/E ratio of 14.86 and a beta of 1.11. The company has a 50-day simple moving average of $11.55 and a 200 day simple moving average of $12.20.

GraniteShares HIPS US High Income ETF Company Profile

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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.