First Trust Institutional Preferred Securities and Income ETF (FPEI)

Preferred Stock · First Trust · NYSE

Preferred StockETF

First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund in the Preferred Stock category. It has $1.91B in assets, an expense ratio of 0.85% and a 5.75% dividend yield. 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 se…

Assets under management	$1.91B
Expense ratio	0.85%
Category	Preferred Stock
Dividend yield	5.75%
NAV	$19.08
Fund family	First Trust
Exchange	NYSE

Top holdings

The largest positions First Trust Institutional Preferred Securities and Income ETF reports, by weight.

Holding	Name	Weight
BBVAP2	Banco Bilbao Vizcaya Argentaria SA FXDFR PFS PERPETUAL USD 200000 - 05946KA	1.69%

Other Preferred Stock ETFs

Ticker	Fund	Assets	Expense
PFF	iShares Preferred and Income Securities ETF	$13.10B	0.45%
FPE	First Trust Preferred Securities and Income ETF	$6.32B	0.83%
PGX	Invesco Preferred ETF	$3.86B	0.50%
VRP	Invesco Variable Rate Preferred ETF	$2.98B	0.50%
PFXF	VanEck Preferred Securities ex Financials ETF	$2.63B	0.40%
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	$2.39B	2.11%
PFFD	Global X U.S. Preferred ETF	$2.15B	0.23%
PREF	Principal Spectrum Preferred Securities Active ETF	$1.77B	0.55%

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