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1D
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3M
6M
YTD
1Y
2Y
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ALL
AUM
$6.25B
P/E ratio
3.6
Dividend yield
5.5247%
Expense ratio
0.85%
Beta
0.367889
Previous close
$18.31
Today's open
$18.17
Day's range
$18.16 - $18.19
52 week range
$16.77 - $18.51
Asset Allocations
2.17%
First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 156 exchange-traded fund(s) (each a “Fund,” collectively, the “Funds”) advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: December 12, 2025 Record Date: December 12, 2025 Payable Date: December 31, 2025 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount Short-Term Capital Gain Per Share Amount Long-Term Capit.
Business Wire • Dec 11, 2025

Preferreds: Performance, Outlook And Opportunities
Preferreds offer attractive post-tax yields and favorable tax treatment compared to corporate bonds, making them appealing income assets for investors. Active ETFs like FPE and FPEI, and select CEFs such as PFO and FFC, have outperformed passive ETFs, which struggle with high fees and index-related inefficiencies. Individual preferreds allow for targeted interest rate exposure, relative value opportunities, and avoidance of fund management fees.
Seeking Alpha • Oct 29, 2025

FPE: Income ETF With Systemic Risk And Slow Erosion
First Trust Preferred Securities and Income ETF offers a 5.3% yield, focusing on U.S. preferred stocks with 79% investment grade assets. FPE is heavily concentrated in the financial sector, especially banks, introducing systemic risk despite moderate issuer-specific exposure. While FPE outperformed some bond benchmarks and competitors, its capital and income have eroded significantly in inflation-adjusted terms.
Seeking Alpha • Sep 23, 2025

Could Preferred Stock ETFs Be the Secret to Stable Income?
Income-based investors often devote a large part of their securities research time looking at bonds.
24/7 Wall Street • Mar 17, 2025

First Trust Lists 3 New Target Income ETFs
Today, First Trust Advisors announced it is expanding its roster of Target Income ETFs with the launch of three new funds. Each of these Target Income ETFs looks to generate current income with a secondary goal of capital appreciation.
ETF Trends • Feb 13, 2025

Top 3 Preferred Stock ETFs Offering Stability and High Dividends
2025 marks a time of uncertainty for many investors—despite stellar performance in 2024 and a post-election bump that lasted through mid-December, the S&P 500 and the market as a whole face increasing geopolitical turmoil, a potential change to the regulatory environment for many industries alongside a new administration, haziness around the near-term future of interest rates, the ongoing impact of the AI revolution, and more. It's understandable that many investors might take a defensive approach in the new year.
MarketBeat • Jan 13, 2025

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 competitors over the past 10 years but has experienced a moderate decline in value and distributions. Despite a low credit risk profile, FPE's bond-like returns with stock-like draw-downs are not compelling for long-term investment.
Seeking Alpha • Sep 27, 2024

Preferreds Weekly Review: Bond Interest Deferral Worries Investors
We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching.
Seeking Alpha • Apr 21, 2024

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 the back of the Fed's more dovish than expected stance. We take a look at how stocks with different spreads over SOFR could react to Fed's cuts.
Seeking Alpha • Mar 31, 2024

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 yields, but most preferred CEF sectors remain positive for the month. Albemarle issued a new preferred stock with a mandatory convertible feature, offering upside participation with less downside than the common and a higher coupon.
Seeking Alpha • Mar 24, 2024

¹ Disclosures

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