FPEI

First Trust Institutional Preferred Securities and Income ETF

$19.39
+0.00%
Market closed. Last update: 12:29 PM ET

📎 Investment Objective

The First Trust Institutional Preferred Securities and Income ETF (FPEI) seeks to provide current income by investing primarily in preferred securities.

Overview

ETF tracking First Trust Institutional Preferred Securities and Income ETF

Category Preferred
Issuer First Trust
Inception Date 2017-08-23
Market Cap $1.7B
Average Volume N/A
Dividend Yield 4.60%
52-Week Range $17.99 - $19.50
VWAP $19.39

Performance

Loading performance data...

Price Chart

FPEI chart by TradingView

Investment Summary

📎 Investment Objective

The First Trust Institutional Preferred Securities and Income ETF (FPEI) seeks to provide current income by investing primarily in preferred securities.

🎯 Investment Strategy

The fund invests at least 80% of its net assets in preferred securities, including preferred stocks and other preferred securities. The portfolio is actively managed, with the goal of generating a high level of current income.

✨ Key Features

  • Focuses on preferred securities, which can provide higher yields than traditional fixed-income investments
  • Actively managed approach aims to optimize the portfolio for current income
  • Targets institutional and high-net-worth investors with a $1 million investment minimum
  • Low expense ratio of 0.00%

⚠️ Primary Risks

  • Interest rate risk as preferred securities are sensitive to changes in interest rates
  • Credit risk if the issuers of the preferred securities experience financial difficulties
  • Liquidity risk as the preferred securities market can be less liquid than other fixed-income markets
  • Concentration risk as the fund is focused on a single asset class

👤 Best For

FPEI may be suitable for investors seeking a source of current income, particularly those with a longer-term investment horizon who can tolerate the risks associated with preferred securities. The high investment minimum makes this fund more appropriate for institutional and high-net-worth individual investors.

Similar ETFs in Preferred

View all Preferred ETFs →
PFF +0.1%

iShares Trust iShares Preferred and Income Securities ETF

$30.89
FPE -0.1%

First Trust Preferred Securities and Income ETF

$18.30
PGX +0.1%

Invesco Preferred ETF

$11.36
PFFD N/A

Global X U.S. Preferred ETF

$18.93
VRP -0.0%

Invesco Variable Rate Preferred ETF

$24.55
PFXF +0.1%

VanEck Preferred Securities ex Financials ETF

$17.54

Home / Categories / Preferred / FPEI