Vident Investment Advisory LLC Has $8.73 Million Stake in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF)

Vident Investment Advisory LLC grew its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 358,164 shares of the company’s stock after acquiring an additional 37,631 shares during the quarter. Vident Investment Advisory LLC owned 0.59% of First Trust Intrmdt Drtn Prfrd & Incm Fd worth $8,728,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FPF. SG Americas Securities LLC acquired a new position in First Trust Intrmdt Drtn Prfrd & Incm Fd during the 3rd quarter worth approximately $618,000. Ameriprise Financial Inc. boosted its position in First Trust Intrmdt Drtn Prfrd & Incm Fd by 16.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 88,149 shares of the company’s stock worth $2,179,000 after acquiring an additional 12,146 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in First Trust Intrmdt Drtn Prfrd & Incm Fd by 42.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 24,044 shares of the company’s stock worth $594,000 after acquiring an additional 7,207 shares during the last quarter. Wells Fargo & Company MN boosted its position in First Trust Intrmdt Drtn Prfrd & Incm Fd by 10.0% during the 3rd quarter. Wells Fargo & Company MN now owns 611,617 shares of the company’s stock worth $15,118,000 after acquiring an additional 55,599 shares during the last quarter. Finally, Sii Investments Inc. WI boosted its position in First Trust Intrmdt Drtn Prfrd & Incm Fd by 10.5% during the 3rd quarter. Sii Investments Inc. WI now owns 109,386 shares of the company’s stock worth $2,706,000 after acquiring an additional 10,424 shares during the last quarter.

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NYSE:FPF traded up $0.06 during trading hours on Friday, reaching $22.95. 108,070 shares of the stock were exchanged, compared to its average volume of 230,487. First Trust Intrmdt Drtn Prfrd & Incm Fd has a twelve month low of $22.59 and a twelve month high of $25.10.

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

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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.

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

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