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S&P 500   4,221.02
DOW   33,061.57
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How to Invest in AI's Fast-Growing Market (Ad)
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Nordstrom's Earnings Beat, A Rally In The Making
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What is the Penalty for Excess Contributions to an IRA?
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How to Invest in AI's Fast-Growing Market (Ad)
Okta, Inc: When Great Results Aren’t Good Enough 
How to Invest in Specialty Retail Stores
S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
20 Best Healthcare Dividend Stocks to Invest in
How to Invest in AI's Fast-Growing Market (Ad)
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Nordstrom's Earnings Beat, A Rally In The Making
How to Invest in AI's Fast-Growing Market (Ad)
What is the Penalty for Excess Contributions to an IRA?
Chewy.com Gets A Mouthful Of Profits: Shares Surge, More To Come
How to Invest in AI's Fast-Growing Market (Ad)
Okta, Inc: When Great Results Aren’t Good Enough 
How to Invest in Specialty Retail Stores
S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
20 Best Healthcare Dividend Stocks to Invest in
How to Invest in AI's Fast-Growing Market (Ad)
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Nordstrom's Earnings Beat, A Rally In The Making
How to Invest in AI's Fast-Growing Market (Ad)
What is the Penalty for Excess Contributions to an IRA?
Chewy.com Gets A Mouthful Of Profits: Shares Surge, More To Come
How to Invest in AI's Fast-Growing Market (Ad)
Okta, Inc: When Great Results Aren’t Good Enough 
How to Invest in Specialty Retail Stores
BATS:IPPP

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

$9.10
+0.09 (+1.00%)
(As of 06/1/2023 ET)
Compare
Today's Range
$9.07
▼
$9.12
50-Day Range
$8.43
▼
$9.19
52-Week Range
N/A
Volume
1,399 shs
Average Volume
N/A
Market Capitalization
$11.83 million
Assets Under Management
$11.73 million
Dividend Yield
6.03%
Net Expense Ratio
1.06%
ProfileChartHoldings

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.

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IPPP ETF News Headlines

No headlines for this company have been tracked by MarketBeat.com

IPPP Price History

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
110

Fund Statistics

Assets Under Management
$11.73 million
Average Daily Volume
$0.00
Discount/Premium
-0.03%

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
1,300,000
Beta
1.95
Creation Unit
25,000
Creation Fee
$500.00


Preferred-Plus ETF Expenses

TypeIPPPPreferred Securities ETFsMulti Asset ETFsBATS ETFsAll ETFs
Management Fee0.85%0.72%0.67%0.52%0.49%
Other Expenses0.21%0.21%0.75%0.48%0.51%
Total Expense1.06%0.83%1.16%0.64%0.66%
Fee Waiver0.00%0.00%-0.66%-0.37%-0.52%
Net Expense1.06%0.83%0.89%0.59%0.55%

Preferred-Plus ETF (IPPP) Holdings & Exposure

Top 10 IPPP Holdings

  • Citigroup Inc DR
    Holding Weight: 2.33%
  • Cash Offset
    Holding Weight: 2.28%
  • JPMorgan Chase & Co Pfd
    Holding Weight: 2.12%
  • Athene Holding Ltd FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int Dep
    Holding Weight: 2.03%
  • Synovus Financial Corp Pfd
    Holding Weight: 1.87%
  • WESCO International Inc 10.625% PRF PERPETUAL USD 25 - Ser A 1/1000 Dep Sh
    Holding Weight: 1.76%
  • Morgan Stanley DR
    Holding Weight: 1.65%
  • American Equity Investment Life Holding Co Series A
    Holding Weight: 1.60%
  • American Equity Investment Life Holding Co PRF PERPETUAL USD 25 - Ser B 1/1
    Holding Weight: 1.59%
  • Brighthouse Financial Inc 6.75% PRF PERPETUAL USD 25 - Ser B 1/1000th int
    Holding Weight: 1.59%

IPPP Sector Exposure

IPPP Industry Exposure

Full Holdings Details













IPPP ETF - Frequently Asked Questions

How have IPPP shares performed in 2023?

Preferred-Plus ETF's stock was trading at $8.8485 at the beginning of 2023. Since then, IPPP shares have increased by 2.8% and is now trading at $9.0970.
View the best growth stocks for 2023 here.

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 $11.73 million assets under management.

What stocks does Preferred-Plus ETF hold?

IPPP invests in 110 holdings. Some of the stocks in their portfolio include Cohen & Steers Limited Duration Preferred and Income Fund (LDP).

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%.

What is Preferred-Plus ETF's stock symbol?

Preferred-Plus ETF trades on the BATS under the ticker symbol "IPPP."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Preferred-Plus ETF's stock price today?

One share of IPPP stock can currently be purchased for approximately $9.10.

How much money does Preferred-Plus ETF make?

Preferred-Plus ETF (BATS:IPPP) has a market capitalization of $11.83 million.

This page (BATS:IPPP) was last updated on 6/2/2023 by MarketBeat.com Staff

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