FPEI 18.72 Stock Price First Trust Institutional Preferred Securities and Income ETF
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Stock List / First Trust Institutional Preferred Securities and Income ETF Range: | 17.03-19.11 | Vol Avg: | 358066 | Last Div: | 0.95 | Changes: | -0.01 |
Beta: | 0.64 | Cap: | 1.48B | Currency: | USD | Exchange: | AMEX |
Sector: | Financial Services | IPO: | Wed Aug 23 2017 | Empoloyees: | |
CUSIP: | 33739P855 | CIK: | 0001424212 | ISIN: | US33739P8555 | Country: | US |
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The fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities ("Income 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.
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