FPE

First Trust Preferred Securities and Income ETF

$18.30

+0.00%

Market closed. Last update: 12:31 PM ET

📎 Investment Objective

The First Trust Preferred Securities and Income ETF (FPE) seeks to provide current income by investing primarily in a portfolio of preferred securities and other income-producing securities.

Overview

ETF tracking First Trust Preferred Securities and Income ETF

Category Preferred

Issuer First Trust

Inception Date 2013-02-12

Market Cap $6.2B

Average Volume N/A

Dividend Yield 4.60%

52-Week Range $16.93 - $18.51

VWAP $18.30

Performance

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Investment Summary

📎 Investment Objective

The First Trust Preferred Securities and Income ETF (FPE) seeks to provide current income by investing primarily in a portfolio of preferred securities and other income-producing securities.

🎯 Investment Strategy

The fund invests at least 80% of its net assets in preferred securities and other income-producing securities. It may also invest in other types of securities, such as common stocks and debt securities, to generate income.

✨ Key Features

Focuses on preferred securities, which can provide higher income potential than traditional fixed-income investments
Diversified portfolio across various sectors and issuers to manage risk
Actively managed by an experienced team of investment professionals
Potential for capital appreciation in addition to current income

⚠️ Primary Risks

Interest rate risk: Preferred securities are sensitive to changes in interest rates, which can impact their prices
Credit risk: The fund is exposed to the creditworthiness of the issuers of the preferred securities it holds
Liquidity risk: Preferred securities may have lower trading volumes, which can make them more difficult to buy or sell
Sector concentration risk: The fund's focus on preferred securities may result in greater exposure to certain sectors

👤 Best For

This ETF may be suitable for investors seeking a source of current income and who are comfortable with the risks associated with preferred securities. It may be particularly appealing to those in or nearing retirement who are looking to generate a steady stream of income. However, investors should be aware of the potential for price fluctuations and the higher risk profile compared to traditional fixed-income investments.