FPE Stock Summary and Trading Ideas (First Trust Preferred Securities And Income ETF Etf | ARCA:FPE)

The First Trust Preferred Securities and Income ETF ( the Fund ) seeks total return and to provide current income by investing primarily in preferred securities and income-producing debt securities, including corporate bonds, high-yield securities and convertible securities. Under normal market conditions, at least 80 percent of the Fund s net assets, including investment borrowings, will be allocated to these asset classes.

First Trust Preferred Securities And Income ETF Etf trades on the ARCA stock market under the symbol FPE.

As of April 18, 2024, FPE stock price declined to $17.01 with 1,243,192 million shares trading.

FPE has a beta of 0.44, meaning it tends to be less sensitive to market movements. FPE has a correlation of 0.49 to the broad based SPY ETF.

FPE has a market cap of $5.22 billion. This is considered a Mid Cap stock.

In the last 3 years, FPE stock traded as high as $20.76 and as low as $15.23.

FPE has underperformed the market in the last year with a return of +11.6%, while the SPY ETF gained +22.3%. In the last 3 month period, FPE fell short of the market, returning +2.4%, while SPY returned +6.1%. However, in the most recent 2 weeks FPE has outperformed the stock market by returning -1.8%, while SPY returned -3.8%.

FPE support price is $16.96 and resistance is $17.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FPE stock will trade within this expected range on the day.