Kovack Advisors Inc. Sells 900 Shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

Kovack Advisors Inc. decreased its stake in shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,467 shares of the company’s stock after selling 900 shares during the quarter. Kovack Advisors Inc. owned about 0.44% of GraniteShares HIPS US High Income ETF worth $331,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Moloney Securities Asset Management LLC bought a new position in GraniteShares HIPS US High Income ETF in the 3rd quarter worth $142,000. Stratos Wealth Advisors LLC increased its holdings in shares of GraniteShares HIPS US High Income ETF by 7.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 12,527 shares of the company’s stock worth $163,000 after buying an additional 827 shares during the last quarter. RHS Financial LLC raised its position in GraniteShares HIPS US High Income ETF by 7.7% during the second quarter. RHS Financial LLC now owns 31,631 shares of the company’s stock valued at $405,000 after purchasing an additional 2,260 shares during the period. Aurora Private Wealth Inc. raised its holdings in GraniteShares HIPS US High Income ETF by 9.2% during the 2nd quarter. Aurora Private Wealth Inc. now owns 51,816 shares of the company’s stock valued at $664,000 after buying an additional 4,371 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of GraniteShares HIPS US High Income ETF by 266.1% in the 3rd quarter. Private Advisor Group LLC now owns 52,452 shares of the company’s stock worth $681,000 after acquiring an additional 38,125 shares during the last quarter.

GraniteShares HIPS US High Income ETF Stock Up 0.5 %

HIPS opened at $13.02 on Friday. The stock has a market cap of $74.87 million, a P/E ratio of 0.86 and a beta of 0.49. GraniteShares HIPS US High Income ETF has a 52-week low of $11.90 and a 52-week high of $13.22. The business has a fifty day moving average of $12.92 and a 200 day moving average of $12.85.

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.