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FIRST TRUST PREFERRED SECURITIES-INCOME: (FPE)

(Market Close from AMEX) As of Oct 20, 2014 03:58 PM ET

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$18.99 USD

+0.07 (0.26%)

Volume: 21,612

Zacks ETF Rank: 0 - Not Rated [?]          

This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs

ETF Quote Details

Previous Close 18.92
Open 18.94
Bid 17.40
Ask 20.50
Day Low-High 18.93-18.99
52wk Low-High 17.51-20.00
Volume 21,612
NAV (month end) 18.93
Premium (+)/Discount (-) (month end)-0.01

Zacks Premium Research for FPE

Zacks ETF Rank [?] Not rated 0
ETF Risk [?] NA

Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.

This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs

ETF Expense Ratio

Expense Ratio 0.85%
Dividend (Yield) $1.02 (5.39%)
Issuer FIRST TRUST ADVISORS

Benchmark for FPE

WELL FARGO HYBRID AND PREF SEC AGGREGATE

This index composed of preferred stock & securities that are functionally equivalent to preferred stock including but not limited to, depositary preferred securities, perpetual subordinated debt & certain securities issued by banks & other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock.

Fund Summary for FPE

FIRST TRUST PREFERRED SECURITIES-INCOME

The First Trust Preferred Securities and Income ETF is an actively managed ETF. The fund is 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 in preferred securities and income producing debt securities including corporate bonds, high yield securities and convertible securities.