About this security

FPEI is a preferred-stock ETF (First Trust Institutional Preferred Securities & Income ETF): a fund that holds a diversified basket of preferred securities, giving income exposure without picking individual issues.

First Trust Institutional Preferred Securities & Income ETF: FPEI is an actively managed exchange-traded fund launched by First Trust in 2017. It invests at least 80% of its net assets in institutional preferred securities and income-producing debt securities. The preferred securities it targets are issues typically geared toward institutional investors — generally issued in large lot sizes and trading over-the-counter — distinguishing it from retail-oriented preferred ETFs. The fund's sub-advisor employs a top-down approach accounting for sector, interest rate, and systemic risks, with individual securities selected on credit fundamentals, relative value, and technical factors such as call features and pricing inefficiencies. As of recent data, the fund manages approximately $1.79 billion in assets.

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Key Stats Exchange-traded fund holding a basket of preferreds

Quote

End-of-day closes, dated in the first row. A quote 3 or more trading sessions old is flagged stale, and a stale common quote is withheld. Change and Prev Close compare with the previous session's close. 52-week range based on available history, adjusted for splits. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

Dividend History

Performance: $10K Calculator

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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