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%+
Portfolio Pulse from Benzinga Newsdesk
Dave Gilreath, Managing Director & CIO of Innovative Portfolios, mentioned at Benzinga's 'ETFs Unlocked' Conference that their Preferred-Plus ETF owns shares of JP Morgan and is currently yielding over 6%.
November 30, 2023 | 4:11 pm
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POSITIVE IMPACT
Innovative Portfolios' Preferred-Plus ETF, managed by Dave Gilreath, is yielding over 6%, indicating strong performance.
The news highlights the high yield of over 6% for the Preferred-Plus ETF, which could attract investors seeking income. This positive performance indicator could lead to increased investor interest in the short term, potentially driving up the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
JP Morgan shares are part of the holdings in Innovative Portfolios' Preferred-Plus ETF, which is yielding over 6%.
The mention of JP Morgan shares being held in the Preferred-Plus ETF indicates a positive view on the stock by the ETF's management. However, without specific details on the proportion of JPM shares in the ETF or any new investment moves, the short-term impact on JPM's stock price is likely neutral.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50