First Trust Institutional Preferred Securities and Income ETF (FPEI)
Market Closed
16 Oct, 08:00 PM
ARCA ARCA Primary $
18. 54
+0.02
+0.108%
$
1.86B Market Cap
0.36% Div Yield
650,877 Volume
$ 18.52
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FPEI: A Good Mix Of Preferred Stock And Debt
First Trust Institutional Preferred Securities and Income ETF offers strong income generation with a 30-Day SEC Yield of 5.15%, focusing on institutional preferred securities. FPEI's diversified holdings include top international banks and an energy company, providing a steady income stream and reduced issuer-specific risks. The fund's active management and focus on institutional preferreds set it apart, offering potential outperformance despite a higher expense ratio of 0.85%.
Seekingalpha | 1 year ago
Opportunities In The Preferreds Sector
We take a look at the preferreds sector across individual preferreds and funds. Preferreds offer high tax-adjusted yields for high-rate taxpayers and can act as "drier-powder" options. Individual preferreds offer advantages over passive ETFs in the $25-par market.
Seekingalpha | 2 years ago
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