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First Trust Institutional Preferred Securities and Income ETF (FPEI)

Preferred Stock | Exchange Traded Fund | NYSEArca
18.51 USD -0.06 (-0.323%) ⇩ (Oct. 14, 2026, 4 p.m. EDT)
After hours: 18.51
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 1:16 a.m. EDT

The instrument presents a classic income profile with a robust 6.05% yield, which places it firmly in the 'above-inflation' category with adequate sustainability given its nature as a preferred securities ETF. However, the short-term outlook is neutral; despite trading near its 52-week lows, the price is hovering around its 50-day moving average, suggesting no immediate catalyst to spark a momentum breakout or a sharp decline. The long-term assessment remains neutral because the necessary price history to evaluate multi-year growth trajectories or structural shifts in the underlying business is currently unavailable, preventing a definitive judgment on whether the current valuation reflects a deep discount or a fair price for the income stream.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.009447
AutoARIMA0.009451
AutoETS0.009451
AutoTheta0.010283

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 72%
H-stat 12.76
Ljung-Box p 0.000
Jarque-Bera p 0.030
Excess Kurtosis 0.01

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.50% 5.85% 5.73% 5.58%
Dividend History
Date Dividend Yield %
2026-09-24 0.093 0.500269
2026-08-21 0.097 0.509454
2026-07-21 0.095 0.495825
2026-06-25 0.090 0.467532
2026-05-21 0.099 0.517512
2026-04-21 0.090 0.468994
2026-03-26 0.092 0.489362
2026-02-20 0.086 0.440123
2026-01-21 0.091 0.468710
2025-12-12 0.106 0.548796
2025-11-21 0.091 0.472237
2025-10-21 0.091 0.468831
2025-09-25 0.085 0.439050
2025-08-21 0.094 0.493438
2025-07-22 0.091 0.480465
2025-06-26 0.086 0.454545
2025-05-21 0.091 0.491626
2025-04-22 0.092 0.505217
2025-03-27 0.088 0.471092
2025-02-21 0.085 0.452368
2025-01-22 0.089 0.477468
2024-12-13 0.087 0.462274
2024-11-21 0.089 0.475174
2024-10-22 0.091 0.481736
2024-09-26 0.080 0.420831
2024-08-21 0.091 0.488197
2024-07-23 0.088 0.476448
2024-06-27 0.090 0.490196
2024-05-21 0.089 0.487671
2024-04-23 0.084 0.467446
2024-03-21 0.088 0.482456
2024-02-21 0.081 0.450501
2024-01-23 0.081 0.454291
2023-12-22 0.087 0.487122
2023-11-21 0.086 0.505882
2023-10-24 0.074 0.448213
2023-09-22 0.088 0.520402
2023-08-22 0.089 0.523529
2023-07-21 0.089 0.522607
2023-06-27 0.084 0.501792
2023-05-23 0.095 0.570913
2023-04-21 0.081 0.481283
2023-03-24 0.088 0.546584
2023-02-22 0.082 0.448210
2023-01-24 0.082 0.442526
2022-12-23 0.089 0.498320
2022-11-22 0.072 0.408627
2022-10-21 0.081 0.472303
2022-09-23 0.083 0.466292
2022-08-23 0.076 0.413831
2022-07-21 0.077 0.429448
2022-06-24 0.075 0.420404
2022-05-24 0.077 0.421225
2022-04-21 0.068 0.355928
2022-03-25 0.083 0.431617
2022-02-18 0.073 0.370935
2022-01-21 0.072 0.355731
2021-12-23 0.069 0.338567
2021-11-23 0.081 0.397839
2021-10-21 0.071 0.345331
2021-09-23 0.067 0.323359
2021-08-24 0.083 0.401354
2021-07-21 0.077 0.372160
2021-06-24 0.080 0.388350
2021-05-21 0.076 0.372184
2021-04-21 0.075 0.366300
2021-03-25 0.078 0.384615
2021-02-23 0.073 0.355924
2021-01-21 0.080 0.392522
2020-12-24 0.084 0.413182
2020-11-24 0.084 0.420000
2020-10-21 0.085 0.436906
2020-09-24 0.079 0.409539
2020-08-21 0.080 0.410467
2020-07-21 0.102 0.537691
2020-06-25 0.071 0.378162
2020-05-21 0.056 0.307186
2020-04-21 0.110 0.623937
2020-03-26 0.087 0.516320
2020-02-21 0.074 0.363101
2020-01-22 0.088 0.435385
2019-12-13 0.083 0.414172
2019-11-21 0.083 0.418347
2019-10-22 0.082 0.414455
2019-09-25 0.079 0.402732
2019-08-21 0.083 0.427174
2019-07-23 0.089 0.457348
2019-06-14 0.084 0.439101
2019-05-21 0.088 0.460974
2019-04-23 0.085 0.443980
2019-03-21 0.088 0.465116
2019-02-21 0.082 0.437333
2019-01-23 0.081 0.438787
2018-12-18 0.105 0.576923
2018-11-21 0.086 0.464614
2018-10-23 0.089 0.472399
2018-09-14 0.079 0.411030
2018-08-21 0.094 0.491683
2018-07-20 0.089 0.467683
2018-06-21 0.087 0.456214
2018-05-22 0.088 0.455345
2018-04-20 0.087 0.444558
2018-03-22 0.085 0.433784
2018-02-21 0.070 0.352645
2018-01-23 0.104 0.516437
2017-12-21 0.062 0.308765
2017-11-21 0.099 0.492072
2017-10-20 0.070 0.346055
2017-09-21 0.070 0.349301
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 6.05

Info Dump

Attribute Value
All Time High 21.72
All Time Low 14.09
Ask 0.0
Ask Size 3,100
Average Daily Volume10 Day 827,340
Average Daily Volume3 Month 483,479
Average Volume 483,479
Average Volume10Days 827,340
Beta3 Year 0.71
Bid 0.0
Bid Size 2,000
Category Preferred Stock
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 18.53
Day Low 18.49
Display Name Instl Pfd Secs and Incm ETF
Dividend Yield 6.05
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 18.8674
Fifty Day Average Change -0.357399
Fifty Day Average Change Percent -0.018942675
Fifty Two Week Change Percent -4.5734825
Fifty Two Week High 19.61
Fifty Two Week High Change -1.1000004
Fifty Two Week High Change Percent -0.05609385
Fifty Two Week Low 18.3
Fifty Two Week Low Change 0.21000099
Fifty Two Week Low Change Percent 0.011475464
Fifty Two Week Range 18.3 - 19.61
First Trade Date Milliseconds 1,503,495,000,000
Five Year Average Return 0.0353311
Full Exchange Name NYSEArca
Fullday Change 0.059999466
Fullday Change Percent 0.3241462
Fullday Price 18.51
Fund Family First Trust
Fund Inception Date 1,503,360,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund under normal market conditions, invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt 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.
Long Name First Trust Institutional Preferred Securities and Income ETF
Market us_market
Market State PREPRE
Max Age 86,400
Message Board Id finmb_533599898
Nav Price 18.51
Net Assets 1,864,848,260.0
Net Expense Ratio 0.85
Open 18.5
Phone (800) 621-1675
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 18.51
Post Market Time 1,792,008,900
Previous Close 18.57
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.0599995
Regular Market Change Percent -0.323099
Regular Market Day High 18.53
Regular Market Day Low 18.49
Regular Market Day Range 18.49 - 18.53
Regular Market Open 18.5
Regular Market Previous Close 18.57
Regular Market Price 18.51
Regular Market Time 1,792,008,000
Regular Market Volume 501,583
Short Name First Trust Institutional Prefe
Source Interval 15
Symbol FPEI
Three Year Average Return 0.0984628
Total Assets 1,864,848,256
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -2.23834
Trailing Three Month Returns -2.23834
Triggerable 1
Two Hundred Day Average 19.1818
Two Hundred Day Average Change -0.6718006
Two Hundred Day Average Change Percent -0.035022814
Type Disp ETF
Volume 501,583
Yield 0.060500003
Ytd Return -0.40323