First Trust Intermediate Duration Preferred & Income Fund (FPF) To Go Ex-Dividend on March 2nd

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, February 19th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.1375 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Monday, March 2nd.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

Shares of FPF traded down $0.18 during mid-day trading on Friday, hitting $19.12. 213,729 shares of the company traded hands, compared to its average volume of 115,465. First Trust Intermediate Duration Preferred & Income Fund has a 1-year low of $15.60 and a 1-year high of $19.75. The business has a 50 day moving average of $18.89 and a 200 day moving average of $18.91.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

Several hedge funds have recently modified their holdings of FPF. Allworth Financial LP acquired a new position in First Trust Intermediate Duration Preferred & Income Fund during the 2nd quarter worth $48,000. CIBC Private Wealth Group LLC purchased a new position in shares of First Trust Intermediate Duration Preferred & Income Fund in the 4th quarter valued at about $49,000. Advisory Services Network LLC acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the third quarter worth about $53,000. Jones Financial Companies Lllp purchased a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the first quarter worth approximately $60,000. Finally, Ameriflex Group Inc. acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at approximately $100,000.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.

The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.