First Trust Preferred Securities and Income ETF (FPE) — ()
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First Trust Lists 3 New Target Income ETFs
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Sentiment: Positive ()
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 …
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About First Trust Preferred Securities and Income ETF FPE
The First Trust Preferred Securities and Income ETF is an actively managed exchange-traded fund. The fund's investment objective is to seek total return and to provide current income. Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in preferred securities and income-producing debt securities including corporate bonds, high yield securities and convertible securities.