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First Trust Institutional Preferred Securities and Income ETF (FPEI)

Preferred Stock | Exchange Traded Fund | NYSEArca
19.24 USD -0.04 (-0.207%) ⇩ (July 13, 2026, 3:59 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★⯪☆
Hot Take ↕ | July 11, 2026, 5:51 a.m. EDT

The most critical observation is the asset's role as a stable income vehicle rather than a growth engine. Over the last seven years, the price has remained remarkably flat, drifting slightly lower overall despite a recent year-over-year gain. This stagnation reflects the nature of preferred securities: they offer predictable cash flows but lack the capital appreciation potential of equities. The recent price action confirms this, showing the security trading in a tight range near its 52-week lows with almost no upward momentum. While the statistical forecast model indicates a high-confidence prediction of a negligible decline over the next 45 days, this aligns with the broader picture of a non-bullish trend rather than signaling a crash. For investors seeking yield, the distribution history is robust, with payments consistently hovering around $0.09 per quarter, though recent amounts have dipped slightly from the $0.10 peak seen earlier in the year. The payout remains sustainable and well above typical inflation rates, making it a solid choice for income preservation, but it offers no compelling case for capital gains.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.003163
AutoARIMA0.005991
AutoETS0.007075
MSTL0.011043
MSTL_1260.017626

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 74%
H-stat 0.12
Ljung-Box p 0.000
Jarque-Bera p 0.355
Excess Kurtosis -0.77

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.47% 5.76% 5.75% 5.49%
Dividend History
Date Dividend Yield %
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 5.75

Info Dump

Attribute Value
All Time High 21.72
All Time Low 14.09
Ask 0.0
Ask Size 2,500
Average Daily Volume10 Day 312,240
Average Daily Volume3 Month 350,859
Average Volume 350,859
Average Volume10Days 312,240
Beta3 Year 0.65
Bid 0.0
Bid Size 900
Category Preferred Stock
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 19.28
Day Low 19.24
Dividend Yield 5.75
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 19.2469
Fifty Day Average Change -0.0069007874
Fifty Day Average Change Percent -0.0003585402
Fifty Two Week Change Percent 1.4736891
Fifty Two Week High 19.61
Fifty Two Week High Change -0.37000084
Fifty Two Week High Change Percent -0.018867968
Fifty Two Week Low 18.71
Fifty Two Week Low Change 0.5300007
Fifty Two Week Low Change Percent 0.028327135
Fifty Two Week Range 18.71 - 19.61
First Trade Date Milliseconds 1,503,495,000,000
Five Year Average Return 0.0409402
Full Exchange Name NYSEArca
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 PRE
Max Age 86,400
Message Board Id finmb_533599898
Nav Price 19.22
Net Assets 1,906,768,640.0
Net Expense Ratio 0.85
Open 19.26
Phone (800) 621-1675
Previous Close 19.28
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.0400009
Regular Market Change Percent -0.207474
Regular Market Day High 19.28
Regular Market Day Low 19.24
Regular Market Day Range 19.24 - 19.28
Regular Market Open 19.26
Regular Market Previous Close 19.28
Regular Market Price 19.24
Regular Market Time 1,783,972,794
Regular Market Volume 338,433
Short Name First Trust Institutional Prefe
Source Interval 15
Symbol FPEI
Three Year Average Return 0.102988504
Total Assets 1,906,768,640
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 2.90594
Trailing Three Month Returns 2.90594
Triggerable 1
Two Hundred Day Average 19.33052
Two Hundred Day Average Change -0.09052086
Two Hundred Day Average Change Percent -0.0046827947
Type Disp ETF
Volume 338,433
Yield 0.0575
Ytd Return 1.87712