Cornerstone Wealth Management LLC Sells 842 Shares of GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

Cornerstone Wealth Management LLC lessened its position in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,983 shares of the company’s stock after selling 842 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in GraniteShares HIPS US High Income ETF were worth $1,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new position in GraniteShares HIPS US High Income ETF in the fourth quarter valued at $83,000. International Assets Investment Management LLC bought a new position in GraniteShares HIPS US High Income ETF in the fourth quarter valued at $156,000. Advisor Resource Council bought a new position in GraniteShares HIPS US High Income ETF in the fourth quarter valued at $228,000. Finally, RHS Financial LLC bought a new position in GraniteShares HIPS US High Income ETF in the fourth quarter valued at $447,000.

GraniteShares HIPS US High Income ETF Stock Up 0.4 %

HIPS opened at $12.92 on Friday. The stock has a market cap of $74.29 million, a PE ratio of 0.86 and a beta of 0.49. GraniteShares HIPS US High Income ETF has a 52 week low of $11.39 and a 52 week high of $13.00. The business’s fifty day simple moving average is $12.75 and its 200 day simple moving average is $12.62.

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.