First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 17.2% during the first quarter, Holdings Channel reports. The fund owned 55,816 shares of the company’s stock after selling 11,591 shares during the quarter. Janney Montgomery Scott LLC’s holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd were worth $1,217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FPF. Stifel Financial Corp boosted its holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd by 583.9% in the fourth quarter. Stifel Financial Corp now owns 278,220 shares of the company’s stock valued at $5,510,000 after acquiring an additional 237,541 shares during the last quarter. OLD Mission Capital LLC purchased a new position in First Trust Intrmdt Drtn Prfrd & Incm Fd in the fourth quarter valued at about $2,938,000. Sit Investment Associates Inc. purchased a new position in First Trust Intrmdt Drtn Prfrd & Incm Fd in the fourth quarter valued at about $2,848,000. RMB Capital Management LLC raised its position in First Trust Intrmdt Drtn Prfrd & Incm Fd by 156.9% in the fourth quarter. RMB Capital Management LLC now owns 173,861 shares of the company’s stock valued at $3,442,000 after purchasing an additional 106,189 shares during the period. Finally, Millennium Management LLC raised its position in First Trust Intrmdt Drtn Prfrd & Incm Fd by 395.0% in the fourth quarter. Millennium Management LLC now owns 118,301 shares of the company’s stock valued at $2,342,000 after purchasing an additional 94,401 shares during the period.

NYSE:FPF opened at $22.40 on Friday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 12 month low of $18.15 and a 12 month high of $22.45.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd were given a $0.1425 dividend. This represents a $1.71 annualized dividend and a yield of 7.63%. The ex-dividend date was Wednesday, May 1st.

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About First Trust Intrmdt Drtn Prfrd & Incm Fd

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.

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

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