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First Trust Institutional Preferred Securities and Income ETF

18.22
-0.3100-1.67%
Post-market: 18.220.00000.00%16:05 EDT
Volume:673.50K
Turnover:12.30M
Market Cap:1.57B
PE:- -
High:18.42
Open:18.42
Low:18.18
Close:18.53
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Company Profile

Company Name:
First Trust Institutional Preferred Securities and Income ETF
Exchange:
AMEX
Establishment Date:
2017
Employees:
- -
Office Location:
120 East Liberty Drive,Suite 400,Wheaton,Illinois,United States
Zip Code:
60187
Fax:
- -
Introduction:
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.