Raymond James & Associates boosted its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 1.6% during the 1st quarter, HoldingsChannel reports. The fund owned 80,434 shares of the company’s stock after buying an additional 1,305 shares during the period. Raymond James & Associates’ holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd were worth $1,754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Executive Wealth Management LLC acquired a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd in the fourth quarter valued at $26,000. Capital Investment Advisory Services LLC acquired a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd in the fourth quarter valued at $28,000. Financial Architects Inc acquired a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd in the first quarter valued at $51,000. Joseph P. Lucia & Associates LLC acquired a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd in the first quarter valued at $135,000. Finally, Park Avenue Securities LLC acquired a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd in the first quarter valued at $202,000.

Shares of NYSE:FPF opened at $22.34 on Friday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 1-year low of $18.15 and a 1-year high of $22.60.

The firm also recently announced a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.1425 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.71 dividend on an annualized basis and a dividend yield of 7.65%.

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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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Want to see what other hedge funds are holding FPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF).

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

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