GraniteShares HIPS US High Income ETFGraniteShares HIPS US High Income ETFGraniteShares HIPS US High Income ETF

GraniteShares HIPS US High Income ETF

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Key stats


Assets under management (AUM)
‪106.39 M‬USD
Fund flows (1Y)
‪30.82 M‬USD
Dividend yield (indicated)
10.45%
Discount/Premium to NAV
0.08%
Shares outstanding
‪8.65 M‬
Expense ratio
1.60%

About GraniteShares HIPS US High Income ETF


Issuer
GraniteShares, Inc.
Brand
GraniteShares
Inception date
Jan 6, 2015
Structure
Open-Ended Fund
Index tracked
EQM High Income Pass-Through Securities Index - Benchmark TR Gross
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
HIPS offers a twist on the popular multi-asset income space: a focus on pass-through securities (those that pass on most of their income to their owners). The owners pay taxes on that income, while the entities themselves dont, thereby eliminating the double taxation associated with stock dividends. The portfolio allocates equally to four alternative income segments: closed-end funds (CEFs), business development companies (BDCs), real estate investment trusts (REITs), and energy master limited partnerships (MLPs). The top 10 securities with the highest dividend yield and lowest volatility in each segment are selected and weighted equally. It should be noted that while income from REITs, MLPs and BDCs can be high, these are typically taxed at ordinary-income rates instead of the beneficial qualified dividends rate. As such, investors in taxable accounts should consider their after-tax yield. Before March 16, 2023, the fund tracked the TFMS HIPS Index.

Broaden your horizons with more funds linked to HIPS via country, focus, and more.

Classification


Asset Class
Asset allocation
Category
Asset allocation
Focus
Target outcome
Niche
Income
Strategy
Multi-factor
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Multi-factor
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Miscellaneous
Industrial Services
Mutual fund
Stocks73.77%
Finance32.21%
Miscellaneous24.14%
Industrial Services10.74%
Energy Minerals5.26%
Utilities1.43%
Bonds, Cash & Other26.23%
Mutual fund26.02%
Cash0.21%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HIPS trades at 12.41 USD today, its price has risen 0.45% in the past 24 hours. Track more dynamics on HIPS price chart.
HIPS net asset value is 12.38 today — it's risen 2.13% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HIPS assets under management is ‪106.39 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HIPS price has risen by 1.10% over the last month, and its yearly performance shows a −3.24% decrease. See more dynamics on HIPS price chart.
NAV returns, another gauge of an ETF dynamics, showed a 12.81% increase in three-month performance and has increased by 7.46% in a year.
HIPS fund flows account for ‪30.82 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HIPS invests in stocks. See more details in our Analysis section.
HIPS expense ratio is 1.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HIPS isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HIPS technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HIPS shows the sell signal. See more of HIPS technicals for a more comprehensive analysis.
Yes, HIPS pays dividends to its holders with the dividend yield of 10.45%.
HIPS trades at a premium (0.20%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HIPS shares are issued by GraniteShares, Inc.
HIPS follows the EQM High Income Pass-Through Securities Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 6, 2015.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.