First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) Shares Bought by RMB Capital Management LLC

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RMB Capital Management LLC grew its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 156.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,861 shares of the company’s stock after acquiring an additional 106,189 shares during the period. RMB Capital Management LLC’s holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd were worth $3,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Stifel Financial Corp raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 583.9% in the fourth quarter. Stifel Financial Corp now owns 278,220 shares of the company’s stock worth $5,510,000 after acquiring an additional 237,541 shares during the last quarter. Advisor Group Inc. raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 12.9% in the fourth quarter. Advisor Group Inc. now owns 73,755 shares of the company’s stock worth $1,460,000 after acquiring an additional 8,439 shares during the last quarter. Raymond James & Associates raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 41.1% in the fourth quarter. Raymond James & Associates now owns 79,129 shares of the company’s stock worth $1,567,000 after acquiring an additional 23,036 shares during the last quarter. Armor Investment Advisors LLC raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 2.0% in the fourth quarter. Armor Investment Advisors LLC now owns 30,168 shares of the company’s stock worth $597,000 after acquiring an additional 600 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 32.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 45,452 shares of the company’s stock worth $900,000 after acquiring an additional 11,170 shares during the last quarter.

In other First Trust Intrmdt Drtn Prfrd & Incm Fd news, insider Scott T. Fleming purchased 2,500 shares of the stock in a transaction dated Monday, December 17th. The stock was bought at an average price of $18.74 per share, for a total transaction of $46,850.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NYSE FPF opened at $21.80 on Friday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 1-year low of $18.15 and a 1-year high of $23.28.

The firm also recently declared a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, March 4th will be given a dividend of $0.1425 per share. This represents a $1.71 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Friday, March 1st.

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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.

Featured Article: Why is the ex-dividend date different from the record date?

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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