The fund under normal market conditions, invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities. Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.
Frequently asked questions
What is the First Trust Institutional Preferred Securities and Income ETF (FPEI) expense ratio?
The First Trust Institutional Preferred Securities and Income ETF funds expense ratio is 0.85%.
What is First Trust Institutional Preferred Securities and Income ETF (FPEI) current stock price?
As of the latest data, First Trust Institutional Preferred Securities and Income ETF stock price is $18.87, with a previous close of $18.83. First Trust Institutional Preferred Securities and Income ETF gained $0.04 in the last trading session, representing a 0.19% increase.
Does First Trust Institutional Preferred Securities and Income ETF (FPEI) pay dividends?
Yes. First Trust Institutional Preferred Securities and Income ETF pays monthly dividends with an annualized yield of 6.38% and an estimated annual payout of $1.20 per share.
