RiverTree Advisors LLC Sells 121,114 Shares of GraniteShares HIPS US High Income ETF $HIPS

RiverTree Advisors LLC cut its holdings in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 79.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,294 shares of the company’s stock after selling 121,114 shares during the quarter. RiverTree Advisors LLC owned about 0.34% of GraniteShares HIPS US High Income ETF worth $366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hamilton Capital Partners LLC bought a new stake in shares of GraniteShares HIPS US High Income ETF during the 3rd quarter worth about $6,053,000. Orion Porfolio Solutions LLC boosted its position in GraniteShares HIPS US High Income ETF by 204.1% during the second quarter. Orion Porfolio Solutions LLC now owns 166,565 shares of the company’s stock worth $2,016,000 after purchasing an additional 111,785 shares during the period. Ethos Financial Group LLC raised its position in shares of GraniteShares HIPS US High Income ETF by 16.9% in the third quarter. Ethos Financial Group LLC now owns 293,068 shares of the company’s stock valued at $3,455,000 after purchasing an additional 42,392 shares during the period. Jane Street Group LLC raised its position in shares of GraniteShares HIPS US High Income ETF by 68.7% in the second quarter. Jane Street Group LLC now owns 65,829 shares of the company’s stock valued at $797,000 after purchasing an additional 26,814 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of GraniteShares HIPS US High Income ETF by 88.7% in the second quarter. Cetera Investment Advisers now owns 55,879 shares of the company’s stock worth $676,000 after buying an additional 26,260 shares during the last quarter.

GraniteShares HIPS US High Income ETF Stock Performance

NYSEARCA:HIPS opened at $11.41 on Monday. The firm has a market capitalization of $94.70 million, a PE ratio of 11.61 and a beta of 0.78. GraniteShares HIPS US High Income ETF has a 1 year low of $10.87 and a 1 year high of $12.88. The firm’s fifty day simple moving average is $11.90 and its 200 day simple moving average is $11.84.

GraniteShares HIPS US High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a dividend of $0.1075 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 11.3%.

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. HIPS was launched on Jan 6, 2015 and is managed by GraniteShares.