Preferred-Plus ETF (IPPP)
Preferred-Plus ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $10.09, up 0.20% on the session, giving a market capitalisation of $12.2M. Its beta of 1.40 implies it has historically moved more than the broad market.
This ETF commits a minimum of 80% of its net assets, inclusive of any borrowed capital, to a diversified portfolio of preferred securities. These securities are issued by both domestic and international companies, spanning enterprises of all market capitalizations. The fund also maintains the flexibility to invest in publicly traded partnerships (PTPs). The investment advisor generally aims to dedicate around 10% of the fund's assets to a credit spread options strategy, although prevailing market conditions could lead to a higher allocation.
Preferred-Plus ETF is most often compared with the following Financial Services names: