Dividend Performers ETF
IPDP
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Mar 7, 2022
- CIK
- 0001683471
- Similar Companies
- Business
- Dividend Performers ETF (IPDP) is an actively managed exchange-traded fund that seeks current income through investments in dividend-paying U.S. equity securities and an options overlay strategy; it employs a dual approach of selecting common stocks from large-capitalization companies (generally $10 billion or higher) with at least ten consecutive years of increasing dividends, supplemented by credit spread put options on the S&P 500 Index or an S&P 500 ETF to generate additional premium income while mitigating downside risk. The fund normally invests at least 80% of its net assets in such dividend-paying securities, including equity real estate investment trusts (REITs), with portfolio construction drawing from the NASDAQ U.S. Broad Dividend Achievers Index, screened for low downside risk using factors like free cash flow, revenue stability, profitability trends, leverage, volatility, and earnings surprises; stocks are rebalanced semi-annually, targeting approximately 50 holdings with significant sector allocations to industrials (39.74%), financial services (23.61%), healthcare (19.69%), and technology (14.11%) as of June 30, 2025. The options strategy maintains about 20% notional exposure via monthly out-of-the-money put credit spreads, selling short puts and buying longer puts for protection, leveraging the variance risk premium between implied and realized volatility. Originally launched as a mutual fund on December 24, 2018, by predecessor Dividend Performers of Collaborative Investment Series Trust, IPDP converted to an ETF structure on March 7, 2022, listing on the Cboe BZX Exchange under Listed Funds Trust (CUSIP: 53656F193), assuming the predecessor's performance history, objectives, and strategies. Innovative Portfolios, LLC serves as investment adviser, with portfolio managers Dave Gilreath, CFP, and Tom Kaiser, CFA, CPA; the firm is headquartered in Indianapolis, Indiana, and is wholly owned by Sheaff Brock Capital Management, LLC. The ETF targets investors seeking diversified cash flow from dividends, capital appreciation, and option premiums, with a total expense ratio of 1.13% (including 0.85% management fee and 0.28% interest expense), quarterly distributions, and net assets of approximately $22.5 million as of August 2025. In a significant recent development, Innovative Portfolios announced on August 11, 2025, the closure and liquidation of IPDP, approved by the Board of Trustees of Listed Funds Trust; the fund ceased accepting creation unit orders, halted trading prior to market open, liquidated its portfolio into cash, and distributed net asset value proceeds to shareholders of record on or about August 26, 2025 (Liquidation Date), deviating from its investment objectives during wind-down. This operational change follows the ETF's five-year annualized NAV return of 17.05% through mid-2025, outperforming the NASDAQ U.S. Broad Dividend Achievers Index (14.43%), with no reported partnerships, acquisitions, funding rounds, or new product launches in the prior 1-2 years. IPDP shares trade like stocks on the secondary market, subject to premiums/discounts, bid-ask spreads (median 30-day: 0.44%), and brokerage commissions, with distributor Foreside Fund Services, LLC.