Northwestern Mutual Wealth Management Co. raised its position in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 138.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 34,872 shares of the company’s stock after purchasing an additional 20,278 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.06% of First Trust Intrmdt Drtn Prfrd & Incm Fd worth $865,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd by 2.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 15,719 shares of the company’s stock valued at $390,000 after purchasing an additional 304 shares in the last quarter. Sigma Planning Corp lifted its holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd by 4.3% in the 2nd quarter. Sigma Planning Corp now owns 10,859 shares of the company’s stock valued at $269,000 after purchasing an additional 446 shares in the last quarter. LVW Advisors LLC lifted its holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd by 7.7% in the 2nd quarter. LVW Advisors LLC now owns 9,796 shares of the company’s stock valued at $243,000 after purchasing an additional 699 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd by 6.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 14,600 shares of the company’s stock valued at $362,000 after purchasing an additional 907 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd by 4.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 25,598 shares of the company’s stock valued at $635,000 after purchasing an additional 1,081 shares in the last quarter.

First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE FPF) opened at 24.50 on Wednesday. The firm has a 50-day moving average price of $24.54 and a 200-day moving average price of $24.06. First Trust Intrmdt Drtn Prfrd & Incm Fd has a one year low of $20.67 and a one year high of $24.95.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.1525 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.83 dividend on an annualized basis and a yield of 7.47%.

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First Trust Intrmdt Drtn Prfrd & Incm Fd Company Profile

First Trust Intermediate Duration Preferred & Income Fund (the Fund) is a non-diversified closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income. The Fund has a secondary objective of capital appreciation. The Fund has investments in various industry sectors, such as banks; insurance; electric utilities; food products; capital markets; diversified telecommunication services; diversified financial services; wireless telecommunication services; consumer finance; oil, gas and consumable fuels; energy equipment and services; diversified financial services; independent power producers and renewable electricity producers; equity real estate investment trusts; metals and mining; multi-utilities; industrial conglomerates; transportation infrastructure; telecommunication services, and Internet software and services.

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

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