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BATS:IPPP

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

$10.14 +0.10 (+1.02%)
(As of 12/20/2024 ET)

About Preferred-Plus ETF (BATS:IPPP)

Key Stats

Today's Range
$10.01
$10.14
50-Day Range
$10.04
$10.60
52-Week Range
N/A
Volume
3,120 shs
Average Volume
N/A
Market Capitalization
$11.66 million
Assets Under Management
$12.11 million
Dividend Yield
5.34%
Net Expense Ratio
1.27%
Aggregate Rating
N/A

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.

Preferred-Plus ETF Expenses

TypeIPPPPreferred Securities ETFsMulti Asset ETFsBATS ETFsAll ETFs
Management Fee0.85%0.72%0.71%0.57%0.52%
Other Expenses0.42%0.42%0.74%0.47%0.53%
Total Expense1.27%0.93%1.22%0.69%0.71%
Fee Waiver0.00%0.00%-0.72%-0.36%-0.56%
Net Expense1.27%0.93%0.97%0.65%0.59%
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IPPP ETF News Headlines

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

IPPP ETF - Frequently Asked Questions

Preferred-Plus ETF's stock was trading at $9.5498 on January 1st, 2024. Since then, IPPP stock has increased by 6.2% and is now trading at $10.1378.
View the best growth stocks for 2024 here
.

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
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
107

Fund Statistics

Assets Under Management
$12.11 million
Average Daily Volume
$0.00
Discount/Premium
0.02%

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

Beta
0.51
Creation Unit
25,000
Creation Fee
$500.00
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Top 10 IPPP Holdings

  • Synovus Financial Corp Pfd
    Holding Weight: 2.14%
  • Athene Holding Ltd FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int Dep
    Holding Weight: 2.01%
  • KeyCorp FXDFR PRF PERPETUAL USD 25 - Ser H
    Holding Weight: 1.81%
  • Banc of California Inc 7.75% PRF PERPETUAL USD - 1/40th int Ser F
    Holding Weight: 1.71%
  • JPMorgan Chase & Co PRF PERPETUAL USD - Ser LL 1/400th Int
    Holding Weight: 1.70%
  • Bank of America Corp PRF PERPETUAL USD - 1/1000 th int Ser QQ
    Holding Weight: 1.61%
  • Synchrony Financial 8.25% PRF PERPETUAL USD 25 - Dep rep 1/40 Ser B
    Holding Weight: 1.56%
  • American National Group Inc Series A
    Holding Weight: 1.53%
  • WESCO International Inc 10.625% PRF PERPETUAL USD 25 - Ser A 1/1000 Dep Sh
    Holding Weight: 1.48%
  • Digital Realty Trust Inc 5.20% PRF PERPETUAL USD 25 Ser L
    Holding Weight: 1.45%

IPPP Sector Exposure

IPPP Industry Exposure


This page (BATS:IPPP) was last updated on 12/21/2024 by MarketBeat.com Staff
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