Infrastructure Capital Equity Income Fund ETF
ICAP
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1140 Avenue of the Americas, 16th Floor New York NY United States of America 10036
- IPO Date
- Dec 29, 2021
- CIK
- 0001650149
- Website
- infracapfund.com
- Similar Companies
- Business
- Infrastructure Capital Equity Income Fund ETF (NYSE Arca: ICAP) is an actively managed exchange-traded fund that seeks to maximize income and pursue total return opportunities by investing at least 80% of its net assets in a diversified portfolio of equity securities of companies that pay dividends during normal market conditions; these equity securities may include common stocks, preferred stocks, and convertible securities across companies of any market capitalization; the fund may also purchase and write put and call options to generate additional income, reduce volatility, facilitate portfolio adjustments, pursue total return, and hedge risks. The fund employs active management with security selection and weightings driven by rigorous fundamental analysis and global macroeconomic factors, while leveraging the ETF structure's in-kind redemption mechanism for potential tax and cost efficiencies. ICAP primarily targets U.S.-listed companies but may invest in foreign securities, including those in emerging markets, with a focus on dividend-paying equities in sectors such as financials, energy, consumer staples, and technology, as reflected in top holdings like Goldman Sachs Group Inc., Citigroup Inc., Chevron Corp., and Philip Morris International Inc. Launched on December 29, 2021, ICAP is advised by Infrastructure Capital Advisors, LLC (ICA), a New York City-based SEC-registered investment adviser founded in 2012 that also manages a series of hedge funds and other ETFs including the InfraCap Small Cap Income ETF (SCAP), InfraCap MLP ETF (AMZA), and Infrastructure Capital Bond Income ETF (BNDS); the fund is distributed by Quasar Distributors, LLC, with a gross expense ratio of 2.96% and assets under management of approximately $62.5 million as of recent data. ICA operates globally with a focus on income-generating opportunities in infrastructure-related sectors such as energy, real estate, transportation, industrials, and utilities, often targeting entities like master limited partnerships and real estate investment trusts that are not taxed at the entity level. The firm caters to income-focused investors seeking high yields through free cash flow-generating assets. In recent developments, Infrastructure Capital Advisors announced a quarterly dividend increase for ICAP in September 2025, raising the monthly distribution to $0.205 per share (equating to $2.46 annualized), enhancing its appeal to income-seeking investors amid ongoing market volatility. In October 2025, ICA expanded its offerings into European markets with the launch of the Preferred Income UCITS ETF (PFFI), marking a significant strategic push into global distribution channels and declaring the fund's inaugural dividend payable in November 2025. These moves align with ICA's broader growth strategy, building on its management of over $2.5 billion in assets and continued emphasis on active income strategies without reported acquisitions, funding rounds, or major reorganizations specific to ICAP in the last 1-2 years.