First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) Position Decreased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 39.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,837 shares of the company’s stock after selling 11,077 shares during the period. Oppenheimer & Co. Inc.’s holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd were worth $417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. IFC Holdings Incorporated FL lifted its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 4.6% during the second quarter. IFC Holdings Incorporated FL now owns 108,651 shares of the company’s stock valued at $2,701,000 after purchasing an additional 4,763 shares in the last quarter. IFP Advisors Inc lifted its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 20.7% during the second quarter. IFP Advisors Inc now owns 90,812 shares of the company’s stock valued at $2,253,000 after purchasing an additional 15,549 shares in the last quarter. BB&T Securities LLC lifted its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 4.5% during the second quarter. BB&T Securities LLC now owns 55,592 shares of the company’s stock valued at $1,379,000 after purchasing an additional 2,389 shares in the last quarter. National Planning Corp lifted its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 6.6% during the second quarter. National Planning Corp now owns 29,396 shares of the company’s stock valued at $725,000 after purchasing an additional 1,818 shares in the last quarter. Finally, HL Financial Services LLC lifted its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 137.7% during the second quarter. HL Financial Services LLC now owns 27,626 shares of the company’s stock valued at $685,000 after purchasing an additional 16,004 shares in the last quarter.

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First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE FPF) opened at 24.49 on Friday. The company’s 50 day moving average is $24.52 and its 200-day moving average is $24.08. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 52-week low of $20.67 and a 52-week high of $24.95.

The company also recently declared a monthly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, September 6th were paid a $0.1525 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend was Friday, September 1st.

First Trust Intrmdt Drtn Prfrd & Incm Fd 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.

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Institutional Ownership by Quarter for First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF)

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