Notable companies
The most notable companies in this group are Enterprise Products Partners LP (NYSE:EPD), Energy Transfer LP (NYSE:ET), Ares Capital Corp (NASDAQ:ARCC), Plains All American Pipeline LP (NASDAQ:PAA).
Industry description
The investment seeks to track the performance, before fees and expenses, of the EQM High Income Pass-Through Securities 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 40 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.
Market Cap
The average market capitalization across the GraniteShares HIPS US High Income ETF ETF is 10.12B. The market cap for tickers in the group ranges from 620.35M to 63.68B. EPD holds the highest valuation in this group at 63.68B. The lowest valued company is FDUS at 620.35M.
High and low price notable news
The average weekly price growth across all stocks in the GraniteShares HIPS US High Income ETF ETF was 0%. For the same ETF, the average monthly price growth was 1%, and the average quarterly price growth was 6%. WES experienced the highest price growth at 6%, while GNL experienced the biggest fall at -8%.
Volume
The average weekly volume growth across all stocks in the GraniteShares HIPS US High Income ETF ETF was -23%. For the same stocks of the ETF, the average monthly volume growth was 44% and the average quarterly volume growth was 29%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 22
P/E Growth Rating: 58
Price Growth Rating: 51
SMR Rating: 46
Profit Risk Rating: 50
Seasonality Score: 24 (-100 ... +100)