More about High-Yield Cash Accounts with M1
Brokerage Accounts
Retirement Accounts
Other Accounts
Quotes are delayed by 15 minutes.
1D
1W
1M
3M
6M
YTD
1Y
2Y
5Y
ALL
AUM
$6.24B
P/E ratio
4
Dividend yield
5.6676%
Expense ratio
0.85%
Beta
0.366684
Previous close
$17.90
Today's open
$17.75
Day's range
$17.68 - $17.79
52 week range
$16.77 - $18.51
Asset Allocations
2.14%
PFFA Vs. FPE: Where Investors Get The Best Blend Of High Yield And Diversification
Virtus InfraCap US Preferred Stock ETF offers a superior risk-reward profile and is rated Buy for its strong yield and outperformance. PFFA's sector diversification and active management, despite leverage, have driven a 48.83% three-year total return and a 9.27% TTM yield. First Trust Preferred Securities and Income ETF is rated Hold due to its 71% financials concentration, despite FPE's international diversification and solid management.
Seeking Alpha • 19 hours ago

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 142 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: March 26, 2026 Record Date: March 26, 2026 Payable Date: March 31, 2026 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-T.
Business Wire • Mar 25, 2026

The Income Quintet: 5 Pillars Of Safe High Yield
The Income Quintet - BDCs, Midstream Energy, REITs, Preferred Stocks, and Covered Call ETFs - offers a balanced approach to maximizing yield and income safety. I prioritize quality over raw yield, focusing on internally managed BDCs, disciplined midstream operators, select REITs, and actively managed preferred ETFs for sustainable income. BDCs with internal management, like MAIN, command significant NAV premiums, reflecting superior alignment and lower capital costs compared to externally managed peers.
Seeking Alpha • Jan 17, 2026

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

¹ Disclosures

Open an M1 investment account to buy and sell First Trust Preferred Securities & Income ETF commission-free¹. Build wealth for the long term using automated trading and transfers.