Cornerstone Wealth Management LLC Acquires 4,475 Shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

Cornerstone Wealth Management LLC grew its holdings in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,781 shares of the company’s stock after acquiring an additional 4,475 shares during the quarter. Cornerstone Wealth Management LLC owned 2.15% of GraniteShares HIPS US High Income ETF worth $1,591,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of GraniteShares HIPS US High Income ETF by 1,198.4% during the third quarter. International Assets Investment Management LLC now owns 12,984 shares of the company’s stock worth $1,690,000 after buying an additional 11,984 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of GraniteShares HIPS US High Income ETF by 266.1% during the third quarter. Private Advisor Group LLC now owns 52,452 shares of the company’s stock worth $681,000 after buying an additional 38,125 shares in the last quarter. Moloney Securities Asset Management LLC bought a new position in shares of GraniteShares HIPS US High Income ETF during the third quarter worth about $142,000. SimpliFi Inc. grew its holdings in shares of GraniteShares HIPS US High Income ETF by 2.4% during the third quarter. SimpliFi Inc. now owns 523,961 shares of the company’s stock worth $6,803,000 after buying an additional 12,384 shares in the last quarter. Finally, Grimes & Company Inc. grew its holdings in shares of GraniteShares HIPS US High Income ETF by 15.6% during 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 Stock Up 0.1 %

HIPS stock opened at $13.15 on Friday. The business has a 50 day moving average price of $13.03 and a two-hundred day moving average price of $12.95. The company 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 twelve month low of $12.19 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.