Cetera Investment Advisers Sells 2,695 Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF)

Cetera Investment Advisers lessened its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,556 shares of the company’s stock after selling 2,695 shares during the period. Cetera Investment Advisers’ holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FPF. Armor Investment Advisors LLC lifted its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 2.0% during the 4th quarter. Armor Investment Advisors LLC now owns 30,168 shares of the company’s stock valued at $597,000 after buying an additional 600 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd during the 4th quarter valued at approximately $28,000. Janney Montgomery Scott LLC lifted its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 2.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 67,407 shares of the company’s stock valued at $1,335,000 after buying an additional 1,795 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 15.6% during the 4th quarter. Arete Wealth Advisors LLC now owns 17,719 shares of the company’s stock valued at $351,000 after buying an additional 2,385 shares in the last quarter. Finally, Smith Moore & CO. lifted its position 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 valued at $286,000 after buying an additional 2,723 shares in the last quarter.

Shares of NYSE:FPF traded down $0.06 during midday trading on Friday, reaching $22.15. 145,559 shares of the company’s stock traded hands, compared to its average volume of 183,493. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 1 year low of $18.15 and a 1 year high of $22.87.

The company also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a $0.1425 dividend. This represents a $1.71 annualized dividend and a yield of 7.72%. The ex-dividend date of this dividend was Monday, April 1st.

COPYRIGHT VIOLATION WARNING: “Cetera Investment Advisers Sells 2,695 Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF)” was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.baseballdailydigest.com/news/2019/04/21/cetera-investment-advisers-sells-2695-shares-of-first-trust-intrmdt-drtn-prfrd-incm-fd-fpf.html.

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.

See Also: FAANG Stocks

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

Receive News & Ratings for First Trust Intrmdt Drtn Prfrd & Incm Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Intrmdt Drtn Prfrd & Incm Fd and related companies with MarketBeat.com's FREE daily email newsletter.