Stratos Wealth Partners LTD. Acquires 1,081 Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF)

Stratos Wealth Partners LTD. boosted its stake in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,598 shares of the company’s stock after buying an additional 1,081 shares during the period. Stratos Wealth Partners LTD.’s holdings in First Trust Intrmdt Drtn Prfrd & Incm Fd were worth $635,000 at the end of the most recent reporting period.

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Separately, Benjamin F. Edwards & Company Inc. raised its position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd by 6.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 14,600 shares of the company’s stock valued at $362,000 after buying an additional 907 shares during the period.

Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE FPF) traded up 0.62% during trading on Wednesday, reaching $24.50. The company’s stock had a trading volume of 148,272 shares. First Trust Intrmdt Drtn Prfrd & Incm Fd has a one year low of $20.67 and a one year high of $24.95. The firm’s 50-day moving average price is $24.62 and its 200-day moving average price is $23.91.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.1525 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date was Tuesday, August 1st.

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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.