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

ETF Overview

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.

Key Stats

• Today's Range: $10.38 to $10.38
• 50-Day Range: $9.76 to $10.69
• 52-Week Range: N/A
• Volume: 18 shs
• Average Volume: N/A
• Market Capitalization: $11.93 million
• Assets Under Management: $11.92 million
• Dividend Yield: 5.34%
• Net Expense Ratio: 1.27%
• Aggregate Rating: N/A

IPPP ETF - Frequently Asked Questions

How have IPPP shares performed this year?

Preferred-Plus ETF's stock was trading at $9.5498 at the beginning of the year. Since then, IPPP stock has increased by 8.6% and is now trading at $10.3750.
View the best growth stocks for 2024 here.

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.

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: 108

Fund Statistics

• Assets Under Management: $11.92 million
• Average Daily Volume: $0.00
• Discount/Premium: 0.08%

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: 0.51
• Creation Unit: 25,000
• Creation Fee: $500.00