Preferred-Plus ETF (IPPP)

BATS: IPPP · IEX Real-Time Price · USD
9.88
-0.06 (-0.60%)
At close: Feb 27, 2024, 1:43 PM
9.90
+0.02 (0.20%)
After-hours: Feb 27, 2024, 8:00 PM EST
-0.60%
Assets $11.39M
Expense Ratio 1.27%
PE Ratio n/a
Shares Out 1.15M
Dividend (ttm) $0.54
Dividend Yield 5.49%
Ex-Dividend Date Dec 22, 2023
Payout Ratio n/a
1-Year Return +2.90%
Volume 1,225
Open 9.89
Previous Close 9.94
Day's Range 9.88 - 9.94
52-Week Low 8.14
52-Week High 10.55
Beta 0.79
Holdings 114
Inception Date Dec 24, 2018

About IPPP

Fund Home Page

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 issued by Innovative Portfolios.

Asset Class Fixed Income
Category Preferred Stock
Region North America
Stock Exchange BATS
Ticker Symbol IPPP
ETF Provider Innovative Portfolios

Dividends

Ex-Dividend Amount Pay Date
Dec 22, 2023 $0.10343 Dec 27, 2023
Sep 26, 2023 $0.140 Sep 28, 2023
Jun 27, 2023 $0.1411 Jun 29, 2023
Mar 28, 2023 $0.1581 Mar 30, 2023
Dec 27, 2022 $0.09602 Dec 29, 2022
Sep 27, 2022 $0.14061 Sep 29, 2022
Full Dividend History

News

JP Morgan Begins Converting 4 Mutual Funds To ETFs

A $1.1 billion inflation-managed fund is the first to convert.

Other symbols: JCPIIPDPCLSE
2 years ago - ETFcom

Innovative Portfolios Converts 2 Mutual Funds to ETFs

Innovative Portfolios has converted two of its mutual funds to ETFs. The two ETFs, the Dividend Performers ETF (IPDP) and the Preferred-Plus ETF (IPPP), are listed on the Cboe BZX Exchange.

Other symbols: IPDP
2 years ago - ETF Trends

2 Income-Focused Mutual Funds Convert To ETFs

The funds hold nearly $29 million in assets.

Other symbols: IPDP
2 years ago - ETFcom