First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.95 and traded as high as $19.49. First Trust Intermediate Duration Preferred & Income Fund shares last traded at $19.34, with a volume of 74,265 shares.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

The company has a 50-day simple moving average of $19.00 and a 200-day simple moving average of $18.18.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.1375 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.65 annualized dividend and a dividend yield of 8.53%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FPF. Larson Financial Group LLC lifted its holdings in First Trust Intermediate Duration Preferred & Income Fund by 223.0% in the first quarter. Larson Financial Group LLC now owns 2,180 shares of the company’s stock valued at $39,000 after buying an additional 1,505 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund in the 2nd quarter valued at $46,000. Register Financial Advisors LLC acquired a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the first quarter worth $118,000. Nomura Holdings Inc. bought a new stake in First Trust Intermediate Duration Preferred & Income Fund in the fourth quarter valued at about $172,000. Finally, Sanctuary Advisors LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the second quarter valued at about $227,000.

First Trust Intermediate Duration Preferred & Income Fund 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.