First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Shares Pass Above 50-Day Moving Average – What’s Next?

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.41 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 trading hands.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

The company’s 50 day moving average price is $18.41 and its two-hundred day moving average price is $18.68.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

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

Institutional Investors Weigh In On First Trust Intermediate Duration Preferred & Income Fund

A number of large investors have recently made changes to their positions in the stock. Garden State Investment Advisory Services LLC purchased a new stake in First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at $203,000. Sanctuary Advisors LLC boosted its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 53.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,343 shares of the company’s stock worth $382,000 after acquiring an additional 7,077 shares in the last quarter. Harmony Asset Management LLC purchased a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter worth about $221,000. Prospera Financial Services Inc boosted its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 42,823 shares of the company’s stock worth $836,000 after acquiring an additional 1,581 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 69.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 73,753 shares of the company’s stock worth $1,440,000 after acquiring an additional 30,280 shares in the last quarter.

About First Trust Intermediate Duration Preferred & Income Fund

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.