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HIPS - Master Income ETF

Stock Price: $14.92 USD 0.14 (0.94%)
Updated Apr 21, 2021 4:00 PM EDT - Market closed
After-hours: $14.92 +0.00 (0.00%) Apr 21, 8:00 PM
Assets $42.86M
NAV $14.78
Expense Ratio 3.19%
PE Ratio 16.06
Beta (5Y) 1.30
Dividend (ttm) $1.30
Dividend Yield 8.77%
Ex-Dividend Date Apr 14, 2021
1-Year Return -
Trading Day April 21
Last Price $14.92
Previous Close $14.78
Change ($) 0.14
Change (%) 0.94%
Day's Open 14.83
Day's Range 14.79 - 14.92
Day's Volume 27,334
52-Week Range 8.92 - 14.92

Fund Description

The investment seeks to track the performance, before fees and expenses, of the TFMS HIPS Index. The fund employs a passive management-or indexing-investment approach designed to track the performance of the index. The rules-based index measures the performance of up to 60 high income U.S.-listed securities that typically have pass-through structures that require them to distribute substantially all of their earnings to shareholders as cash distributions. This high income, pass-through strategy is known as HIPS.

Asset Class
Equity
Sector
Income
Region
North America
Inception Date
Jan 6, 2015
Exchange
NYSEARCA
Ticker Symbol
HIPS
Index Tracked
TFMS HIPS 300 Index

Top 10 Holdings

36.10% of assets
NameSymbolWeight
Blackstone Strategic Credit FundBGB3.67%
Invesco Dynamic Credit OppsVTA3.66%
BlackRock Debt Strategies FundDSU3.66%
Tekla Healthcare InvestorsHQH3.65%
BlackRock Enhanced Equity DivBDJ3.61%
BlackRock Multi-Sector IncomeBIT3.60%
Aberdeen Total Dynamic DividendAOD3.60%
Nuveen S&P 500 Buy-Write IncomeBXMX3.55%
PGIM High Yield Bond Fund, Inc.ISD3.55%
BlackRock Enhanced Glbl Div TrustBOE3.55%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Apr 14, 2021$0.108Apr 16, 2021
Mar 17, 2021$0.108Mar 19, 2021
Feb 17, 2021$0.108Feb 19, 2021
Jan 13, 2021$0.108Jan 15, 2021
Dec 30, 2020$0.108Jan 4, 2021
Nov 18, 2020$0.108Nov 20, 2020
Full Dividend History

News

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Will Rhind discusses the outlook for gold, silver and active management in the ETF space.

Other tickers mentioned: BAR, SLV, XOUT
2 months ago - ETFcom

Amid record-low yield environment, investors may be interested in securities that have the potential to offer capital appreciation as well as benchmark-beating yields.

Other tickers mentioned: DIV, FGD, NUSI, SDIV, SPY
2 months ago - Zacks Investment Research

It's no secret that finding income in today's economic and market environment is challenging. It was difficult to generate yield even a year ago, but the coronavirus pandemic has only exacerbated matter...

4 months ago - ETF Trends

In an "income-starved environment," high-income strategies may be good alternatives for investors, says GraniteShares founder and CEO Will Rhind.

4 months ago - CNBC

With the challenges of chasing yield, it's good to look at some funds focusing on high yield. CEO and Founder of Granitshares, Will Rhind, spoke on “ETF Edge,” with ETF Trends' CIO and Director of Resea...

4 months ago - ETF Trends

Pros and cons of high-income investing with two ETF analysts

YouTube video

GraniteShares CEO Will Rhind and ETF Trends CIO Dave Nadig break down the risks and rewards of plays such as GraniteShares' HIPS ETF. With CNBC's Eric Chemi.

4 months ago - CNBC Television

GraniteShares, the ETFs issuer founded by Will Rhind, has $1 billion in assets under management after debuting just three years ago.

Other tickers mentioned: BAR, COMB, PLTM, XOUT
10 months ago - ETF Trends

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 mi...

Other tickers mentioned: CVY, GAA, GAL, VTI, VXF
1 year ago - InvestorPlace