HIPS - GraniteShares HIPS US High Income ETF

NYSEArca - Nasdaq Real Time Price. Currency in USD
16.51
-0.01 (-0.06%)
At close: 1:53PM EDT
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Previous Close16.52
Open16.48
Bid16.45 x 800
Ask16.48 x 800
Day's Range16.49 - 16.51
52 Week Range14.37 - 18.33
Volume804
Avg. Volume5,601
Net Assets7.6M
NAV16.46
PE Ratio (TTM)N/A
Yield7.64%
YTD Return15.34%
Beta (3Y Monthly)1.58
Expense Ratio (net)1.30%
Inception Date2015-01-07
Trade prices are not sourced from all markets
  • 7 ETFs With Oodles of Diversification
    InvestorPlace

    7 ETFs With Oodles of Diversification

    One of the primary selling points of ETFs is that at the asset class enables investors to enhance portfolio diversification and do so cost effectively. For equity investors, there are hundreds of ETFs that are home to thousands of stocks. Investors looking to fortify fixed income diversity have plenty to embrace, too, because there are some diversified bond ETFs that home to thousands of bonds.Portfolio diversification has its advantages. It can help investors reduce risk and correlations, gain exposure to an increased number of asset classes, market capitalization segments and regions and mitigate exposure to company-specific risks.Of course, the aim of the game with diversification is ensuring that assets that may appear unrelated under the confines of one portfolio can actually work together to reduce and enhance long-term performance.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"A common error in portfolio construction is that of choosing specific investments that may appear to be worthwhile individually, but make little sense when combined in a portfolio," according to Vanguard. "In the end, this collection of investments does not necessarily form a coherent asset allocation or sub-asset allocation that matches the investor's objectives and risk tolerance."When properly applied, ETFs can be the ideal instruments for adding diversification to your portfolio."ETFs are now traded on virtually every major asset class, commodity, and currency in the world," said Fidelity. "Moreover, innovative new ETF structures embody a particular investment or trading strategy. For example, through ETFs an investor can buy or sell stock market volatility or invest on a continuous basis in the highest yielding currencies in the world." * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Here are some of the most diverse ETFs to consider across multiple strategies and asset classes. Vanguard Total Market ETF (VTI)Source: Shutterstock Expense ratio: 0.03% per year, or $3 on a $10,000 investment.In multiple ways, the Vanguard Total Market ETF (NYSEARCA:VTI) is a big ETF. Home to $119.5 billion in assets under management, this Vanguard fund is one of the largest ETFs in the world. VTI also holds 3,600 stocks, good for one of the largest rosters among all equity-based ETFs and enough to imply some level of diversity.With VTI, ETF diversification is sourced through the fund's lack of dependence on any of its holdings. The fund's top 10 holdings combine for just 18.80% of its weight, according to issuer data. Bottom line, VTI meets one standard for ETF diversification simply because it holds a massive number of stocks and it has the added benefit of being one of the cheapest ETFs on the market.However, over long holding periods, investors should expect VTI to differ wildly from broad market benchmarks. Over the past three years, the fund has barely outpaced the S&P 500. VanEck Vectors Municipal Allocation ETF (MAAX) Source: Shutterstock Expense ratio: 0.36%At just two months old, the VanEck Vectors Municipal Allocation ETF (CBOE:MAAX) is the newest ETF mentioned here and while it focuses on a specific corner of the bond market, MAAX meets the standards of being a diverse ETF.Traditional municipal bond ETFs focus on a specific credit quality or duration and although some of those funds may hold a lot of bonds, the emphasis on a particular objective, high or low credit quality or long or short duration; reduces diversification. MAAX solves that scenario and does so in effective, unique fashion. * 5 STARS Stocks Smashing the Market (FANG Stocks, Too) MAAX is an ETF of ETFs, holds some of the other VanEck municipal bond ETFs and allocates just over 70% of its weight to the VanEck Vectors High-Yield Municipal Index ETF (CBOE:HYD) and the VanEck Vectors AMT-Free Long Municipal Index ETF (CBOE:MLN). Add those holdings up and MAAX has exposure to nearly 6,000 muni bonds of varying credit quality, duration and yield. SPDR SSGA Global Allocation ETF (GAL)Source: Shutterstock Expense ratio: 0.35%For investors that look the traditional 60/40 equity/fixed income split for diversification, the SPDR SSGA Global Allocation ETF (NYSEARCA:GAL) is an ETF to consider. Like the aforementioned MAAX, GAL is an ETF of ETFs and most of its 22 holdings are other SPDR funds.The equity portion of this diversified ETF's roster is designed to top the MSCI ACWI IMI Index while fixed income portion aims to beat the widely followed Bloomberg Barclays U.S. Aggregate Bond Index. GAL's fixed income holdings include junk bonds, international bonds, TIPS and intermediate-term U.S. Treasuries.Familiar holdings in this diversified ETF include the SPDR S&P 500 ETF (NYSEARCA:SPY) and the SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM). With this diversified ETF, investors should expect higher income than the S&P 500 or 10-year Treasuries. Invesco Zacks Multi-Asset Income ETF (CVY)Source: Shutterstock Expense ratio: 0.88%As its name implies, the Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) is a multi-asset ETF, indicating there is some level of diversification offered by this fund. There are actively managed funds in the multi-asset realm, but CVY is an index-based product as it tracks the Zacks Multi-Asset Income Index.That benchmark "is comprised of domestic and international companies, including US listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts (REITs), master limited partnerships (MLPs), closed-end funds and traditional preferred stocks," according to Invesco. * 3 Breakout Stocks to Buy CVY has nearly 150 holdings and while many of those are common stocks, the fund holds enough high-yielding assets to push its 30-day SEC yield to 4.22%, indicating that it can be used as a complement to a standard equity fund like VTI. CVY adds diversification by being mixed across large-, mid- and small-cap equities. Vanguard Extended Market ETF (VXF)Source: Shutterstock Expense ratio: 0.07%Think of the Vanguard Extended Market ETF (NYSEARCA:VXF) as diversification enhancer because the objective of extended market funds, such as VXF, is to fill in the blanks created by large cap-heavy funds.Even a diverse ETF like the aforementioned VTI is likely to tilt toward large-cap stocks despite its massive roster. That creates some voids, but those gaps can be filled by a fund such as VXF, which is entirely devoted to mid- and small-cap names. And like its large-cap peer VTI, VXF is a diverse ETF in terms of sheer number of holdings, which total 3,262.Adding to its diversification utility, VXF's holdings have a median market value of $4.6 billion, putting the fund at the lower end of mid-cap territory and the fund's top 10 holdings combine for just 5.50% of the fund's weight, indicating single-stock risk is minimal. Cambria Global Asset Allocation ETF (GAA)Source: Shutterstock Expense ratio: 0.30%The Cambria Global Asset Allocation ETF (CBOE:GAA) is another example of a diverse ETF that boosts diversification through the ETF of ETFs methodology. GAA's asset selection universe includes domestic and foreign stocks, bonds, real estate, commodities and currencies."Since the GAA ETF is meant to be a buy and hold allocation, the portfolio is simply rebalanced back to target weightings each year, which broadly tar-get a 40% allocation to global stocks, a 40% allocation to global bonds, and a 20% allocation to real assets, such as commodities and currencies," according to Cambria. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip About half of GAA's top 10 holdings have significant exposure to international bonds and stocks, giving investors an opportunity to take advantage of some compelling ex-US valuation discounts while gaining a higher income profile. GAA has a dividend yield of almost 3%. GraniteShares HIPS US High Income ETF (HIPS)Source: Shutterstock Expense ratio: 1.30%The GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) provides diversification across some popular high-yielding asset classes, such as master-limited partnerships, real estate investment trusts, closed-end funds, and business development companies. This diverse ETF recently got a new benchmark, which could further up its diversity."The revised index, officially renamed the TFMS HIPS Index, rolled out July 1, 2019, and includes several key enhancements that could potentially benefit investors," according to a statement issued by GraniteShares.The new index HIPS also takes steps to minimized volatility, a trait that could work in favor of investors."First, a quantitative screen was applied to the stock selection process to help minimize index volatility and dampen the effect of recent market uncertainty on index return," said GraniteShares. "Additionally, a cap was introduced that limits the index to holding no more than 60 high-income securities, versus 300 securities measured in the original index."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 7 ETFs With Oodles of Diversification appeared first on InvestorPlace.

  • ETF Trends

    HIPS High Income ETF Revises Index Methodology

    The GraniteShares HIPS US High Income ETF (NYSEArca: HIPS) is revising its index methodology. GraniteShares took control of the fund in late 2017. At that time, HIPS’ objective was to reflect the performance ...

  • Business Wire

    GraniteShares Gold Trust (BAR) Hits $500 Million in Assets Amid Recent Market Volatility

    The GraniteShares Gold Trust (NYSE Arca: BAR), one of the lowest-cost* gold ETFs on the market, has surpassed $500 million in assets under management (AUM) on the heels of recent market uncertainty. BAR debuted in August 2017 as a cost-effective vehicle to invest in physical gold and trades at an expense ratio of just 17.49 basis points. Since inception, BAR has continued to gain momentum as more investors recognize the benefits of diversifying their portfolios with gold.

  • 5 ETFs to Tap for February
    Zacks

    5 ETFs to Tap for February

    These five ETFs could be worth investing in.

  • ETF Trends

    Disruptive ETF Company Crosses $500M in Assets Under Management

    The end of 2018 may have burned an image of volatility in investors’ minds that would drive their decisions when reassessing their portfolios for 2019. As such, alternatives to diversify and counteract volatility are on the investment agenda, making exchange-traded funds (ETFs) focused on commodities  and alternative investments a prime alternative--something evident in GraniteShares' latest milestone. GraniteShares, a disruptive ETF company, has become one of the fastest-growing asset managers in the U.S. by accumulating over $500 million in assets under management (AUM), representing 1,180 percent growth over the last year alone.

  • Business Wire

    GraniteShares AUM Surges 1,180 Percent Crossing $500 Million in First Full Operating Year

    This surge is led by the GraniteShares Gold Trust (NYSE Arca: BAR), which has swelled past $430 million in AUM**, having already attracted $113 million in 2019. With an expense ratio of just 17.49 basis points, BAR is one of the lowest-cost ways to invest in gold.

  • Business Wire

    BAR Reclaims Title of Lowest-Cost Gold ETF as GraniteShares Surges Past $350 Million in AUM

    Firm celebrates impressive AUM milestone while its gold ETF reemerges as the most affordable investment option in the space, joining GraniteShares’ COMB, COMG and PLTM as low-cost