GraniteShares acquired HIPS ETF

GraniteShares has acquired the HIPS US High Income ETF just weeks before the fund hits the crucial three-year trading mark.

HIPS is a high income-focused fund that invests in securities structured as pass-through entities, including master-limited partnerships (MLPs), real estate investment trusts, closed-end funds and business development companies.
 
GraniteShares has lowered the management fee for HIPS to 70 basis points.