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ETFs

Preferred-Plus ETF

IPPP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 24, 2018
Expense Ratio
1.06%
Type
Preferred
Fund Owner
Innovative Portfolios
Volume (1m avg. daily)
$22,802
AUM
$11,566,169
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
2.55%
ATH/PR/A
Athene Holding Ltd - FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int Dep
2.05%
JPM/PR/D
JPMorgan Chase & Co. - 5.75% PRF PERPETUAL USD 25 - Dep 1/400th Ser DD
1.98%
SNV/PR/E
Synovus Financial Corp. - FXDFR PRF PERPETUAL USD 25 - Ser E
1.89%
WCC/PR/A
Wesco International, Inc. - 10.625% PRF PERPETUAL USD 25 - Ser A 1/1000 Dep Sh
1.66%
ET/PR/E
Energy Transfer LP - FXDFR PRF PERPETUAL USD 25 - Ser E
1.57%
PACWP
Pacwest Bancorp - FXDFR PRF PERPETUAL USD 1000 - Ser A
1.55%
MS/PR/K
Morgan Stanley - FXDFR PRF PERPETUAL USD 25 - Ser K 1/1000 Sh
1.54%
BHFAO
Brighthouse Financial Inc - 6.75% PRF PERPETUAL USD 25 - Ser B 1/1000th int
1.54%
AEL/PR/B
American Equity Investment Life Holding Co - FXDFR PRF PERPETUAL USD 25 - Ser B 1/1000th
1.52%
Invest with IPPP

What is IPPP?

The Fund's primary investment objective is to seek current income. The Fund invests in preferred equities and an S&P 500 index-based option overlay for additional income.

ETFs related toIPPP

ETFs correlated to IPPP include PFF, PFFD, PSK

IPPP
Listed Funds Trust - Preferred-Plus ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

News Related to IPPP

From Benzinga's 'ETFs Unlocked' Conference: Innovative Portfolios Managing Director & CIO, Dave Gilreath Says 'We Own Some JP Morgan Shares In Our Preferred-Plus ETF', Says Our Preferred-Plus ETF Is Currently Yielding 6%+

Nov 30, 2023 • by Benzinga Newsdesk
Read

Benzinga's 'ETFs Unlocked' Conference Has Begun

Nov 30, 2023 • by Benzinga Newsdesk
Read

FAQ

IPPP is a Preferred ETF. The Fund's primary investment objective is to seek current income. The Fund invests in preferred equities and an S&P 500 index-based option overlay for additional income.

IPPP dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, IPPP is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, IPPP is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IPPP is 0.017%. This is the percent change in the value of IPPP over the most recent 1-month period. The 3-month return on IPPP is 0.0251%. This is the percent change in the value of IPPP over the most recent 3-month period.

The standard deviation of IPPP for the past year is 0.205%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IPPP include QAI, MLPA, and AMLP.

ETFs correlated to IPPP include PFF, PFFD, and PSK.

ETFs that are inversely correlated to IPPP include FAZ, TZA, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.