7,180 Shares in First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) Purchased by Wagner Wealth Management LLC

Wagner Wealth Management LLC purchased a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) during the fourth quarter, HoldingsChannel reports. The firm purchased 7,180 shares of the company’s stock, valued at approximately $174,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd by 164.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,075 shares of the company’s stock valued at $148,000 after acquiring an additional 3,775 shares during the period. SeaCrest Wealth Management LLC bought a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd in the 4th quarter valued at $157,000. Cornerstone Wealth Management LLC raised its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd by 22.9% in the 4th quarter. Cornerstone Wealth Management LLC now owns 12,169 shares of the company’s stock valued at $292,000 after acquiring an additional 2,264 shares during the period. Dynasty Wealth Management LLC bought a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd in the 4th quarter valued at $395,000. Finally, Sowell Financial Services LLC raised its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd by 145.2% in the 4th quarter. Sowell Financial Services LLC now owns 20,475 shares of the company’s stock valued at $482,000 after acquiring an additional 12,124 shares during the period.

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First Trust Intrmdt Drtn Prfrd & Incm Fd stock opened at $22.97 on Friday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 1-year low of $22.59 and a 1-year high of $25.10.

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, April 3rd will be issued a $0.1525 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date is Monday, April 2nd.

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First Trust Intrmdt Drtn Prfrd & Incm Fd Company Profile

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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