First Trust Intermediate Duration Preferred & Income Fund (FPF) To Go Ex-Dividend on December 1st

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, November 20th. Investors of record on Monday, December 1st will be given a dividend of 0.1375 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, December 1st.

First Trust Intermediate Duration Preferred & Income Fund Trading Up 0.1%

First Trust Intermediate Duration Preferred & Income Fund stock opened at $18.73 on Friday. The business’s 50 day simple moving average is $18.88 and its 200 day simple moving average is $18.79. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $15.60 and a 12 month high of $19.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FPF. Advisory Services Network LLC bought a new stake in First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter valued at about $53,000. Susquehanna International Group LLP bought a new position in First Trust Intermediate Duration Preferred & Income Fund during the third quarter worth about $349,000. Millennium Management LLC purchased a new position in shares of First Trust Intermediate Duration Preferred & Income Fund in the third quarter worth about $266,000. Lido Advisors LLC raised its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 41.8% in the third quarter. Lido Advisors LLC now owns 33,855 shares of the company’s stock valued at $648,000 after purchasing an additional 9,972 shares during the period. Finally, Creative Planning bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at approximately $298,000.

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.