Shares of First Trust Intermediate Duration Preferred & Income Fund of Beneficial Interest (NYSE:FPF) traded today at $25.00, eclipsing its 52-week high. Approximately 54,000 shares have changed hands today, as compared to an average 30-day volume of 103,000 shares.
First Trust Intermediate Duration Preferred & Income Fund of Beneficial Interest share prices have moved between a 52-week high of $25.00 and a 52-week low of $20.10 and are now trading 24% above that low price at $24.99 per share.
First Trust Inter Dur Pref& Income Fund is a closed-end management investment company. Its primary investment objective is to seek a high level of current income. Further, it has a secondary objective of capital appreciation. The Fund invests in the traditional preferred securities, hybrid preferred securities, floating rate & fixed-to-floating rate preferred securities, debt securities, convertible securities, and contingent convertible securities issued by U.S. and non-U.S. companies. Its investment portfolio includes industries such as Banks, Insurance, Capital Markets, Electric Utilities, Oil, Gas & Consumable Fuels, Food Products, and others.
First Trust Intermediate Duration Preferred & Income Fund of Beneficial Interest (NYSE:FPF) defies analysts with a current price ($24.99) 0.3% above its average consensus price target of $24.91.
Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer