First Trust Intermediate Duration Preferred & Income Fund 2018 Q1 Institutional Investor Sentiment Worse Than Expected

June 18, 2018 - By Peter Erickson

Sentiment for First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF)

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) institutional sentiment decreased to 1.19 in 2018 Q1. Its down -0.51, from 1.7 in 2017Q4. The ratio dropped, as 31 investment managers opened new and increased positions, while 26 reduced and sold stock positions in First Trust Intermediate Duration Preferred & Income Fund. The investment managers in our partner’s database reported: 9.02 million shares, down from 9.24 million shares in 2017Q4. Also, the number of investment managers holding First Trust Intermediate Duration Preferred & Income Fund in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 16 Increased: 24 New Position: 7.

The stock decreased 0.22% or $0.05 during the last trading session, reaching $21.66. About 6,139 shares traded. First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) has declined 9.39% since June 18, 2017 and is downtrending. It has underperformed by 21.96% the S&P500.

Sterneck Capital Management Llc holds 1.72% of its portfolio in First Trust Intermediate Duration Preferred & Income Fund for 125,435 shares. Comerica Securities Inc owns 343,235 shares or 1% of their US portfolio. Moreover, Mathes Company Inc. has 0.36% invested in the company for 33,250 shares. The New York-based Ota Financial Group L.P. has invested 0.3% in the stock. Delta Capital Management Llc, a New York-based fund reported 16,340 shares.

More news for First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) were recently published by: Equitiesfocus.com, which released: “First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) Shares Sold by Infrastructure Capital Advisors LLC” on June 15, 2018. Equitiesfocus.com‘s article titled: “First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) Shares Bought by Private Advisor Group LLC” and published on June 15, 2018 is yet another important article.

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