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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.46 and traded as high as $18.81. First Trust Intermediate Duration Preferred & Income Fund shares last traded at $18.77, with a volume of 88,244 shares.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

The stock has a 50 day moving average price of $18.48 and a 200 day moving average price of $18.73.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.1375 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.65 annualized dividend and a dividend yield of 8.79%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FPF. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter valued at $35,000. Elequin Capital LP bought a new position in shares of First Trust Intermediate Duration Preferred & Income Fund in the fourth quarter valued at approximately $48,000. Ameriflex Group Inc. purchased a new stake in First Trust Intermediate Duration Preferred & Income Fund during the fourth quarter valued at about $157,000. Ballentine Partners LLC purchased a new position in shares of First Trust Intermediate Duration Preferred & Income Fund in the fourth quarter worth about $199,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at approximately $203,000.

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.