First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) insider Scott T. Fleming bought 7,500 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average price of $15.45 per share, for a total transaction of $115,875.00.

Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd stock opened at $17.32 on Thursday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 1 year low of $10.75 and a 1 year high of $24.84. The firm’s 50-day moving average is $21.84 and its two-hundred day moving average is $23.30.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.132 per share. This represents a $1.58 annualized dividend and a yield of 9.15%. The ex-dividend date of this dividend is Wednesday, April 1st.

A number of institutional investors have recently modified their holdings of FPF. Sunbelt Securities Inc. bought a new stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd in the 4th quarter valued at about $2,949,000. Procyon Private Wealth Partners LLC bought a new stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd in the 4th quarter valued at about $29,000. Baird Financial Group Inc. boosted its holdings in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 19.1% in the 4th quarter. Baird Financial Group Inc. now owns 66,172 shares of the company’s stock valued at $1,561,000 after buying an additional 10,619 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 3.4% in the 4th quarter. Bank of America Corp DE now owns 360,285 shares of the company’s stock valued at $8,499,000 after buying an additional 11,831 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd in the 4th quarter valued at about $1,369,000.

First Trust Intrmdt Drtn Prfrd & Incm Fd 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.

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