Ameriprise Financial Inc. grew its position in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 36.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,003 shares of the company’s stock after purchasing an additional 20,414 shares during the quarter. Ameriprise Financial Inc. owned about 0.13% of First Trust Intrmdt Drtn Prfrd & Incm Fd worth $1,889,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 138.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,872 shares of the company’s stock valued at $865,000 after purchasing an additional 20,278 shares during the last quarter. LVW Advisors LLC grew its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 7.7% in the second quarter. LVW Advisors LLC now owns 9,796 shares of the company’s stock valued at $243,000 after purchasing an additional 699 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 5.0% in the second quarter. Wells Fargo & Company MN now owns 556,018 shares of the company’s stock valued at $13,795,000 after purchasing an additional 26,539 shares during the last quarter. Synovus Financial Corp acquired a new position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd in the second quarter valued at approximately $369,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 2.0% in the second 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 during the last quarter.

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The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, November 2nd will be issued a $0.1525 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $1.83 dividend on an annualized basis and a dividend yield of Infinity.

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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