First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.68 and traded as high as $18.88. First Trust Intermediate Duration Preferred & Income Fund shares last traded at $18.83, with a volume of 94,388 shares traded.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

The business’s 50 day moving average is $18.41 and its 200 day moving average is $18.68.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.1375 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.65 dividend on an annualized basis and a dividend yield of 8.76%.

Hedge Funds Weigh In On First Trust Intermediate Duration Preferred & Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of FPF. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the third quarter worth $35,000. Ballentine Partners LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the fourth quarter valued at $199,000. Garden State Investment Advisory Services LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at $203,000. Harmony Asset Management LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at $221,000. Finally, Sanctuary Advisors LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the second quarter valued at $227,000.

First Trust Intermediate Duration Preferred & Income Fund 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.