Tennessee Valley Asset Management Partners Buys Shares of 6,646 GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)

Tennessee Valley Asset Management Partners bought a new stake in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,646 shares of the company’s stock, valued at approximately $83,000. Tennessee Valley Asset Management Partners owned 0.14% of GraniteShares HIPS US High Income ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. RHS Financial LLC bought a new stake in shares of GraniteShares HIPS US High Income ETF in the fourth quarter valued at $447,000. Advisor Resource Council bought a new stake in shares of GraniteShares HIPS US High Income ETF during the 4th quarter valued at $228,000. Moors & Cabot Inc. bought a new stake in shares of GraniteShares HIPS US High Income ETF during the 3rd quarter valued at $163,000. Finally, International Assets Investment Management LLC bought a new stake in shares of GraniteShares HIPS US High Income ETF during the 4th quarter valued at $156,000.

GraniteShares HIPS US High Income ETF Stock Performance

NYSEARCA:HIPS opened at $12.67 on Tuesday. GraniteShares HIPS US High Income ETF has a 52-week low of $11.22 and a 52-week high of $12.93. The firm has a market cap of $70.95 million, a price-to-earnings ratio of 0.85 and a beta of 0.53. The business’s fifty day moving average is $12.62 and its 200 day moving average is $12.33.

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.