FPEI 19.05 First Trust Institutional Preferred Securities and Income ETF
| Range: | 16.44-19.11 | Vol Avg: | 361781 | Last Div: | 1.02 | Changes: | 0.03 |
| Beta: | 0.65 | Cap: | 1.51B | Currency: | USD | Exchange: | AMEX |
| Sector: | Financial Services | IPO: | Wed Aug 23 2017 | Empoloyees: | |||
| CUSIP: | 33739P855 | CIK: | 0001424212 | ISIN: | US33739P8555 | Country: | US |
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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