First Trust Institutional Preferred Securities & Income ETF (FPEI)
First Trust Institutional Preferred Securities & Income ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $19.16, up 0.00% on the session, giving a market capitalisation of $1.92B. Its beta of 0.65 implies it has historically moved less than the broad market.
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.
First Trust Institutional Preferred Securities & Income ETF is most often compared with the following Financial Services names: