Preferred-Plus ETF (IPPP)

BATS: IPPP · Delayed Price · USD
10.04
0.00 (-0.04%)
At close: May 20, 2022 4:00 PM
10.04
0.00 (0.00%)
After-hours:May 20, 2022 8:00 PM EDT
Assetsn/a
NAVn/a
Expense Ration/a
PE Ration/a
Shares Outn/a
Dividend (ttm)n/a
Dividend Yieldn/a
Ex-Dividend Daten/a
1-Year Return-8.65%
Volume14
Open10.01
Previous Close10.04
Day's Range10.01 - 10.04
52-Week Low10.01
52-Week High11.39
Betan/a
Holdings107
Inception DateDec 24, 2018

About IPPP

The fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in a portfolio of preferred securities issued by U.S. and non-U.S. companies. It may invest in preferred securities of all issuer capitalizations. The fund may also invest in publicly-traded partnerships ("PTPs"). The Advisor intends to maintain approximately 10% asset exposure to a credit spread options strategy, although market conditions may dictate additional exposure.

Stock ExchangeBATS
Ticker SymbolIPPP

Top 10 Holdings

20.62% of assets
NameSymbolWeight
First American Government Obligs XFGXXX5.74%
Athene Holding Ltd FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int DepATH V6.35 PERP A2.20%
JPMorgan Chase & Co PfdJPM 5.75 PERP DD1.88%
WESCO International Inc 10.625% PRF PERPETUAL USD 25 - Ser A 1/1000 Dep ShWCC V10.625 PERP A1.64%
American Equity Investment Life Holding Company 5.95%AEL V5.95 PERP A1.58%
Citigroup Inc Deposit Shs Repr 1/1000th 6 7/8 % Non-Cum Perp Pfd Shs SeriesC V6.875 PERP K1.57%
American Equity Investment Life Holding Company 6.625%AEL V6.625 PERP B1.55%
Synovus Financial Corp PfdSNV V5.875 PERP E1.50%
Synovus Financial Corp PfdSNV V6.3 PERP D1.49%
Brighthouse Financial Inc 6.75% PRF PERPETUAL USD 25 - Ser B 1/1000th intBHF 6.75 PERP B1.47%
View More Holdings

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 month 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 months ago - ETF Trends

2 Income-Focused Mutual Funds Convert To ETFs

The funds hold nearly $29 million in assets.

Other symbols:IPDP
2 months ago - ETFcom