Carnick & Kubik Group LLC Reduces Position in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF)

Carnick & Kubik Group LLC decreased its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 14,463 shares of the company’s stock after selling 62 shares during the period. Carnick & Kubik Group LLC’s holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd were worth $359,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FPF. HL Financial Services LLC raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 137.7% in the second quarter. HL Financial Services LLC now owns 27,626 shares of the company’s stock worth $685,000 after buying an additional 16,004 shares during the period. IFP Advisors Inc raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 20.7% in the second quarter. IFP Advisors Inc now owns 90,812 shares of the company’s stock worth $2,253,000 after buying an additional 15,549 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 13.2% in the second quarter. Janney Montgomery Scott LLC now owns 12,142 shares of the company’s stock worth $301,000 after buying an additional 1,414 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 4.4% in the second quarter. Stratos Wealth Partners LTD. now owns 25,598 shares of the company’s stock worth $635,000 after buying an additional 1,081 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 6.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 14,600 shares of the company’s stock worth $362,000 after buying an additional 907 shares during the period.

Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) opened at 24.55 on Thursday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 52 week low of $20.67 and a 52 week high of $24.95. The firm’s 50 day moving average is $24.67 and its 200-day moving average is $23.87.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.1525 per share. This represents a $1.83 annualized dividend and a dividend yield of 7.45%. The ex-dividend date is Tuesday, August 1st.

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About First Trust Intrmdt Drtn Prfrd & Incm Fd

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.

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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