Preferred-Plus ETF (IPPP)

BATS: IPPP · IEX Real-Time Price · USD
8.59
+0.15 (1.83%)
Mar 28, 2023, 4:00 PM EDT - Market closed
1.83%
Assets $11.60M
Expense Ratio 0.85%
PE Ratio n/a
Shares Out 1.35M
Dividend (ttm) $0.38
Dividend Yield 4.48%
Ex-Dividend Date Dec 27, 2022
Payout Ratio n/a
1-Year Return -23.40%
Volume 200
Open 8.67
Previous Close 8.44
Day's Range 8.59 - 8.59
52-Week Low 8.39
52-Week High 11.39
Beta 1.19
Holdings 116
Inception Date Dec 24, 2018

About IPPP

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.

Asset Class Fixed Income
Category Preferred Stock
Region Global
Stock Exchange BATS
Ticker Symbol IPPP
Issuer Innovative Portfolios

Dividends

Ex-Dividend Amount Pay Date
Dec 27, 2022 $0.09602 Dec 29, 2022
Sep 27, 2022 $0.14061 Sep 29, 2022
Jun 27, 2022 $0.1479 Jun 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
1 year 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
1 year ago - ETF Trends

2 Income-Focused Mutual Funds Convert To ETFs

The funds hold nearly $29 million in assets.

Other symbols: IPDP
1 year ago - ETFcom