First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Share Price Passes Above 50-Day Moving Average of $17.71

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.71 and traded as high as $18.17. First Trust Intermediate Duration Preferred & Income Fund shares last traded at $18.10, with a volume of 110,004 shares.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.1 %

The business has a fifty day moving average price of $17.71 and a 200-day moving average price of $17.37.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.1375 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date of this dividend is Monday, July 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC raised its position in First Trust Intermediate Duration Preferred & Income Fund by 223.0% during the 1st quarter. Larson Financial Group LLC now owns 2,180 shares of the company’s stock valued at $39,000 after purchasing an additional 1,505 shares during the last quarter. PNC Financial Services Group Inc. raised its position in First Trust Intermediate Duration Preferred & Income Fund by 16.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,000 shares of the company’s stock valued at $104,000 after purchasing an additional 1,000 shares during the last quarter. Register Financial Advisors LLC bought a new position in First Trust Intermediate Duration Preferred & Income Fund during the 1st quarter valued at approximately $118,000. Nomura Holdings Inc. bought a new position in First Trust Intermediate Duration Preferred & Income Fund during the 4th quarter valued at approximately $172,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in First Trust Intermediate Duration Preferred & Income Fund during the 4th quarter valued at approximately $180,000.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities.