First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.41 and traded as high as $18.88. First Trust Intermediate Duration Preferred & Income Fund shares last traded at $18.83, with a volume of 94,388 shares.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.5 %

The company has a fifty day moving average of $18.41 and a 200-day moving average of $18.68.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.1375 dividend. This represents a $1.65 annualized dividend and a yield of 8.76%. The ex-dividend date is Monday, February 3rd.

Institutional Investors Weigh In On First Trust Intermediate Duration Preferred & Income Fund

Several institutional investors have recently bought and sold shares of FPF. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter worth about $35,000. Ballentine Partners LLC acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund in the 4th quarter worth about $199,000. Garden State Investment Advisory Services LLC acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter worth approximately $203,000. Harmony Asset Management LLC acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter worth approximately $221,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the 2nd quarter worth approximately $227,000.

About First Trust Intermediate Duration Preferred & Income Fund

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.