Bramshill Investments LLC purchased a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 279,135 shares of the company’s stock, valued at approximately $6,027,000. First Trust Intrmdt Drtn Prfrd & Incm Fd comprises about 2.3% of Bramshill Investments LLC’s holdings, making the stock its 7th biggest holding. Bramshill Investments LLC owned approximately 0.46% of First Trust Intrmdt Drtn Prfrd & Incm Fd as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 819,919 shares of the company’s stock valued at $17,702,000 after purchasing an additional 2,392 shares during the last quarter. NEXT Financial Group Inc increased its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 26.6% during the 1st quarter. NEXT Financial Group Inc now owns 12,284 shares of the company’s stock valued at $286,000 after purchasing an additional 2,584 shares during the last quarter. Arete Wealth Advisors LLC increased its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 29.4% during the 1st quarter. Arete Wealth Advisors LLC now owns 12,947 shares of the company’s stock valued at $301,000 after purchasing an additional 2,940 shares during the last quarter. Delta Capital Management LLC increased its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 19.6% during the 2nd quarter. Delta Capital Management LLC now owns 19,540 shares of the company’s stock valued at $422,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 15.3% during the 1st quarter. Stifel Financial Corp now owns 29,545 shares of the company’s stock valued at $689,000 after purchasing an additional 3,914 shares during the last quarter.

Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd stock opened at $21.68 on Friday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 1 year low of $21.40 and a 1 year high of $25.10.

The firm also recently announced a monthly dividend, which will be paid on Monday, September 17th. Stockholders of record on Wednesday, September 5th will be given a dividend of $0.142 per share. This represents a $1.70 annualized dividend and a dividend yield of 7.86%. The ex-dividend date is Tuesday, September 4th.

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.

Featured Story: Compound Annual Growth Rate (CAGR)

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

Receive News & Ratings for First Trust Intrmdt Drtn Prfrd & Incm Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Intrmdt Drtn Prfrd & Incm Fd and related companies with MarketBeat.com's FREE daily email newsletter.