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BATS:IPPP

Preferred-Plus ETF (IPPP) Price, Holdings, & News

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$9.65
-0.08 (-0.82%)
(As of 04/25/2024 ET)
Compare
Today's Range
$9.65
▼
$9.65
50-Day Range
$9.54
▼
$10.15
52-Week Range
N/A
Volume
25 shs
Average Volume
N/A
Market Capitalization
$11.10 million
Assets Under Management
$11.08 million
Dividend Yield
5.40%
Net Expense Ratio
1.06%
Stock AnalysisChartDividendHoldings

About Preferred-Plus ETF

The Preferred-Plus ETF (IPPP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund provides exposure by holding preferred securities issued by US and non-US companies, with a 10% exposure to the S&P 500 ETF using a credit spread options strategy. IPPP was launched on Dec 24, 2018 and is managed by Innovative Portfolios.

IPPP Stock Price History

IPPP ETF News Headlines

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Fund Details

Issuer
Innovative Portfolios
Fund Name
Preferred-Plus ETF
Tax Classification
Regulated Investment Company
Stock Exchange
BATS
Current Symbol
BATS:IPPP
Inception Date
12/24/2018
Fund Manager
JR Humphreys, Dave Gilreath
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Multi Asset
Benchmark
N/A
Category
Absolute Returns
Focus
Preferred Securities
Development Level
Developed Markets
Region
Global
Number of Holdings
109

Fund Statistics

Assets Under Management
$11.08 million
Average Daily Volume
$0.00
Discount/Premium
-0.01%

Administrator, Advisor and Custodian

Administrator
U.S. Bancorp Fund Services, LLC
Advisor
Innovative Portfolios, LLC
Custodian
U.S. Bank, N.A.
Distributor
Foreside Fund Services, LLC
Transfer Agent
U.S. Bancorp Fund Services, LLC
Trustee
N/A
Lead Market Maker
Wolverine Trading

Miscellaneous

Outstanding Shares
1,150,000
Beta
0.57
Creation Unit
25,000
Creation Fee
$500.00
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Preferred-Plus ETF Expenses

TypeIPPPPreferred Securities ETFsMulti Asset ETFsBATS ETFsAll ETFs
Management Fee0.85%0.72%0.69%0.56%0.51%
Other Expenses0.21%0.21%0.79%0.51%0.58%
Total Expense1.06%0.83%1.21%0.68%0.70%
Fee Waiver0.00%0.00%-0.69%-0.34%-0.57%
Net Expense1.06%0.83%0.94%0.63%0.58%

Preferred-Plus ETF (IPPP) Holdings & Exposure

Top 10 IPPP Holdings

  • Synovus Financial Corp Pfd
    Holding Weight: 2.10%
  • Athene Holding Ltd FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int Dep
    Holding Weight: 2.04%
  • JPMorgan Chase & Co Pfd
    Holding Weight: 1.94%
  • KeyCorp FXDFR PRF PERPETUAL USD 25 - Ser H
    Holding Weight: 1.74%
  • Banc of California Inc 7.75% PRF PERPETUAL USD - 1/40th int Ser F
    Holding Weight: 1.69%
  • WESCO International Inc 10.625% PRF PERPETUAL USD 25 - Ser A 1/1000 Dep Sh
    Holding Weight: 1.60%
  • American Equity Investment Life Holding Co Series A
    Holding Weight: 1.57%
  • Energy Transfer LP FXDFR PRF PERPETUAL USD 25 - Ser E
    Holding Weight: 1.55%
  • American Equity Investment Life Holding Co PRF PERPETUAL USD 25 - Ser B 1/1
    Holding Weight: 1.49%
  • Morgan Stanley DR
    Holding Weight: 1.49%

IPPP Sector Exposure

IPPP Industry Exposure

Full Holdings Details

IPPP ETF - Frequently Asked Questions

How have IPPP shares performed in 2024?

Preferred-Plus ETF's stock was trading at $9.5498 at the beginning of the year. Since then, IPPP shares have increased by 1.0% and is now trading at $9.65.
View the best growth stocks for 2024 here.

How often does Preferred-Plus ETF pay dividends? What is the dividend yield for Preferred-Plus ETF?

Preferred-Plus ETF announced a dividend on Monday, June 26th. Stockholders of record on Wednesday, June 28th will be given a dividend of $0.1411 per share on Thursday, June 29th. The ex-dividend date of this dividend is Tuesday, June 27th.
Read our dividend analysis for IPPP.

What does IPPP invest in?

Preferred-Plus ETF is a multi asset fund issued by Innovative Portfolios. IPPP focuses on preferred securities investments. The fund's investments total to approximately $11.08 million assets under management.

What is the management fee for Preferred-Plus ETF?

Preferred-Plus ETF's management fee is 0.85% and has other expenses of 0.21%. The net expense ratio for IPPP is 1.06%.

How do I buy shares of Preferred-Plus ETF?

Shares of IPPP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (BATS:IPPP) was last updated on 4/26/2024 by MarketBeat.com Staff

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