First Trust Preferred Securities & Income ETF (FPE)
| Assets | $5.71B |
| Expense Ratio | 0.85% |
| PE Ratio | n/a |
| Shares Out | 321.21M |
| Dividend (ttm) | $1.01 |
| Dividend Yield | 5.68% |
| Ex-Dividend Date | Dec 13, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | +5.16% |
| Volume | 1,752,932 |
| Open | 17.65 |
| Previous Close | 17.65 |
| Day's Range | 17.65 - 17.74 |
| 52-Week Low | 16.73 |
| 52-Week High | 18.23 |
| Beta | 0.51 |
| Holdings | 227 |
| Inception Date | Feb 12, 2013 |
About FPE
Fund Home PageThe First Trust Preferred Securities & Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is issued by First Trust.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2024 | $0.093 | n/a |
| Nov 21, 2024 | $0.090 | n/a |
| Oct 22, 2024 | $0.072 | Oct 31, 2024 |
| Sep 26, 2024 | $0.093 | Sep 30, 2024 |
| Aug 21, 2024 | $0.094 | Aug 30, 2024 |
| Jul 23, 2024 | $0.067 | Jul 31, 2024 |
News
FPE: Excellent Preferred Stocks ETF, But Poor Long-Term Investment
First Trust Preferred Securities and Income ETF is an actively managed fund focusing on preferred stocks, primarily in the U.S. and financial sector. The FPE ETF has outperformed its largest competito...
Preferreds Weekly Review: Keep An Eye On The Spread Of Floating-Rate Preferreds
We take a look at the action in preferreds and baby bonds through the fourth week of March and highlight some of the key themes we are watching. Preferreds had a good week as Treasury yields fell on t...
Preferreds Weekly Review: Mandatory Convertibles Offer High-Beta Preferred Exposure
We take a look at the action in preferreds and baby bonds through the third week of March and highlight some of the key themes we are watching. Preferreds were down for the week due to rising Treasury...
FPE: A Preferred-Focused ETF Better Than The Rest
First Trust Preferred Securities and Income ETF is a high-yield, actively managed fund that primarily invests in preferred securities and income-producing debt securities. The FPE ETF offers the poten...
Preferreds Weekly Review: Historic Drawdowns Are Relevant Again
We take a look at the action in preferreds and baby bonds through the fourth week of February and highlight some of the key themes we are watching. Preferreds had a strong week with a 1%+ return, driv...
Preferreds Weekly Review: A High Yield-To-Call Is Not Enough
We take a look at the action in preferreds and baby bonds through the second week of February and highlight some of the key themes we are watching. Preferreds were flat on the week as higher Treasury ...
Preferreds Weekly Review: AHL Preferred Gets Stuck Near Libor Peak
We take a look at the action in preferreds and baby bonds through the fourth week of January and highlight some of the key themes we are watching. Preferred stock and baby bond market had a good week ...
FPE: Good-Looking Relative To Peers, But Unattractive
First Trust Preferred Securities and Income ETF is a high yield fund with a 12-month distribution rate of 6.44%. The fund is invested in preferred stocks and has a heavy concentration in the financial...
FPE: High Yield ETF With Bond Performance And Stock Risks
First Trust Preferred Securities and Income ETF is an actively managed fund of preferred stocks. It is massively overweight in financials and has a large exposure to banks.
FPE Beats Its Peers In A Lagging Asset Class
FPE is an ETF in international preferred stocks, with a 6% yield. It has beaten its largest competitors since 2013.
FPE: Better Than SPFF, But Still Unattractive
FPE is a high-yield ETF in preferred stocks. Since inception, it has lost 10% in share price.
FPE: Bond Returns With Stock Risks Are Not Really Attractive
FPE is a high-yield ETF heavy in hybrid assets. Its risk-reward profile is underwhelming.
CEF Weekly Market Review: Market Takes July Off
We review CEF market valuation and performance over the last week of July and highlight recent market events. July CEF returns were wrapped around zero in aggregate as higher NAVs were offset by wider...
The Role Of Active ETFs In Income Portfolios
In an earlier article, we discussed that in a market of low and stable / rising yields, open-end funds can provide similar performance to CEFs with much better risk control. In this article, we take a...
FPE: A Unique Approach To Generating Income
FPE offers investors a high yield, low volatility, and a steady income. FPE is significantly more diversified than competing preferred stock ETFs.
Evaluating Open-End Fund Alternatives To CEFs
The sharp market rally since March as well as the risk of a second wave may be prompting some investors to consider options to derisk their portfolio.
Making The Choice Between CEFs And ETFs
Making The Choice Between CEFs And ETFs
Why We Are Seeing Distribution Divergence In Preferreds CEFs
Why We Are Seeing Distribution Divergence In Preferreds CEFs
Gauging Fair-Value Discounts In CEFs
Gauging Fair-Value Discounts In CEFs