About First Trust Preferred Securities and Income ETF (FPE)

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that seeks to provide current income by investing in a diversified portfolio of preferred securities. Preferred securities are a type of hybrid security that combines elements of both bonds and stocks. They typically offer higher yields compared to common stocks and bonds, making them attractive to income-seeking investors.

FPE is designed to provide investors with exposure to preferred securities issued by a wide range of companies across various sectors. The fund's investment strategy focuses on securities that are considered to be investment grade, which reduces the risk of default. Additionally, FPE aims to maintain a diversified portfolio to mitigate concentration risk.