First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF – Get Free Report) declared a monthly dividend on Monday, July 20th. Investors of record on Monday, August 3rd will be given a dividend of 0.1375 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Monday, August 3rd.
First Trust Intermediate Duration Preferred & Income Fund Price Performance
Shares of First Trust Intermediate Duration Preferred & Income Fund stock opened at $17.65 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a fifty-two week low of $17.21 and a fifty-two week high of $19.75. The firm has a fifty day moving average price of $17.96 and a two-hundred day moving average price of $18.30.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Main Street Group LTD acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund during the first quarter worth about $26,000. Ascentis Independent Advisors acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter valued at approximately $34,000. CIBC Private Wealth Group LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 4th quarter valued at approximately $49,000. Advisory Services Network LLC bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter worth approximately $53,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter worth approximately $60,000.
First Trust Intermediate Duration Preferred & Income Fund Company Profile
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.
The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.
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