Bank of Montreal Can bought a new position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) during the 1st quarter, HoldingsChannel reports. The firm bought 90,000 shares of the company’s stock, valued at approximately $1,963,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd by 19.3% during the fourth quarter. Bank of America Corp DE now owns 338,018 shares of the company’s stock valued at $6,693,000 after acquiring an additional 54,711 shares during the period. Stifel Financial Corp lifted its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 583.9% in the fourth quarter. Stifel Financial Corp now owns 278,220 shares of the company’s stock valued at $5,510,000 after buying an additional 237,541 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 7.4% in the first quarter. Capital Investment Advisors LLC now owns 228,549 shares of the company’s stock valued at $4,985,000 after buying an additional 15,772 shares during the period. RMB Capital Management LLC lifted its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 156.9% in the fourth quarter. RMB Capital Management LLC now owns 173,861 shares of the company’s stock valued at $3,442,000 after buying an additional 106,189 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd in the fourth quarter valued at about $2,938,000.

NYSE FPF opened at $22.32 on Monday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a twelve month low of $18.15 and a twelve month high of $22.47.

The business also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 2nd were paid a $0.1425 dividend. This represents a $1.71 annualized dividend and a dividend yield of 7.66%. The ex-dividend date was Wednesday, May 1st.

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About First Trust Intrmdt Drtn Prfrd & Incm Fd

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.

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Institutional Ownership by Quarter for First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF)

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