First Trust Preferred Price, Forecast, Insider, Ratings, Fundamentals & Signals

Wheaton, ill.--(business wire)--first trust advisors l.p. ("fta") announces the declaration of distributions for 133 exchange-traded fund(s) (each a “fund,” collectively, the “funds”) advised by fta. the following dates apply to today's distribution declarations: expected ex-dividend date: march 21, 2024 record date: march 22, 2024 payable date: march 28, 2024 ticker exchange fund name frequency ordinary income per share amount actively managed exchange-traded funds   first trust exchange-trade.

We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching.

We take a look at the action in preferreds and baby bonds through the third week of March and highlight some of the key themes we are watching. Preferreds were down for the week due to rising Treasury yields, but most preferred CEF sectors remain positive for the month. Albemarle issued a new preferred stock with a mandatory convertible feature, offering upside participation with less downside than the common and a higher coupon.

First Trust Preferred Securities and Income ETF is a high-yield, actively managed fund that primarily invests in preferred securities and income-producing debt securities. The FPE ETF offers the potential for high yields without significantly increasing risk by focusing on preferred securities. FPE's heavy concentration in the financial sector exposes the fund to specific sector risks, and it is subject to interest rate and credit risk.

We take a look at the action in preferreds and baby bonds through the fourth week of February and highlight some of the key themes we are watching. Preferreds had a strong week with a 1%+ return, driven by a drop in Treasury yields and compression in credit spreads. Different preferreds sectors have different drawdown profiles, offering investors an opportunity to tilt to more resilient securities in anticipation of the next drawdown.

We take a look at the action in preferreds and baby bonds through the fourth week of January and highlight some of the key themes we are watching. Preferred stock and baby bond market had a good week with most sectors finishing in the green. The article discusses the curious case of Aspen insurer preferred AHL.PR.C and how the coupon conversion worked on the first call date.

The 60/40 portfolio strategy was thought to be dead and buried. And yet, it made a comeback in 2023, up more than 11% through the end of November.

First Trust Preferred Securities and Income ETF is a high yield fund with a 12-month distribution rate of 6.44%. The fund is invested in preferred stocks and has a heavy concentration in the financial sector, particularly in banks. FPE has outperformed other preferred stock ETFs in the last 10 years, but it has experienced significant losses in value and income stream.

Is there still a chance to buy the bank dip? You bet—with nifty yields up to 9.4%!

It's no secret that we are currently in a high interest rate environment. The Federal Funds rate, the benchmark rate in the U.S. set by the Federal Open Market Committee (FOMC), currently sits between the range of 5.00% and 5.25%.

First Trust Preferred Securities and Income ETF is an actively managed fund of preferred stocks. It is massively overweight in financials and has a large exposure to banks.