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First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
FPEI

First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF

$20.650.05%

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5Y

Key Stats

Open
20.64
Today Low/High
20.64 / 20.67
52 Week Low/High
$18.43 / $20.82
Market Cap
$408.87M
Expense Ratio
0.0085
Total Assets
$379.46M
Yield
4.74

Company Details

The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities (Income 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.
Organisation
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
Industry
Miscellaneous

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