GraniteShares Takes Control of High Income ETF

GraniteShares, a new kind of ETF company, acquired a U.S. high-income focused ETF strategy that invests in securities structured as pass-through entities. On Monday, GraniteShares took over the HIPS US High Income ETF (NYSEArca: HIPS) and lowered the management fee on the ETF to 0.70% from 1.47%....
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