NINE MASTS CAPITAL Ltd Purchases New Holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF)

NINE MASTS CAPITAL Ltd purchased a new position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 90,900 shares of the company’s stock, valued at approximately $1,947,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group purchased a new position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd during the 3rd quarter worth $291,000. Shaker Financial Services LLC purchased a new position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd during the 3rd quarter worth $212,000. Smith Moore & CO. grew its holdings in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 25.8% during the 3rd quarter. Smith Moore & CO. now owns 13,286 shares of the company’s stock worth $286,000 after purchasing an additional 2,723 shares during the period. Fiera Capital Corp purchased a new position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd during the 2nd quarter worth $312,000. Finally, Centaurus Financial Inc. grew its holdings in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 212.7% during the 2nd quarter. Centaurus Financial Inc. now owns 17,814 shares of the company’s stock worth $385,000 after purchasing an additional 12,117 shares during the period.

Shares of NYSE FPF traded down $0.10 during mid-day trading on Thursday, reaching $20.25. 51,791 shares of the company’s stock were exchanged, compared to its average volume of 203,279. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 52-week low of $19.76 and a 52-week high of $25.10.

The company also recently announced a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Tuesday, December 4th will be paid a dividend of $0.1425 per share. This is a positive change from First Trust Intrmdt Drtn Prfrd & Incm Fd’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $1.71 annualized dividend and a yield of 8.45%.

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About First Trust Intrmdt Drtn Prfrd & Incm Fd

There is no company description available for First Trust Intermediate Duration Preferred & Income Fund.

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

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