Baird Financial Group Inc. Acquires Shares of 24,365 First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF)

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Baird Financial Group Inc. bought a new stake in First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,365 shares of the company’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robinson Capital Management LLC bought a new position in shares of First Trust Intrmdt Drtn Prfrd & Incm Fd in the 2nd quarter valued at about $248,000. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd by 12.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 111,223 shares of the company’s stock worth $2,401,000 after acquiring an additional 12,334 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd by 46.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 51,635 shares of the company’s stock worth $1,114,000 after acquiring an additional 16,384 shares during the last quarter. Wells Fargo & Company MN boosted its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd by 18.8% during the 1st quarter. Wells Fargo & Company MN now owns 817,527 shares of the company’s stock worth $19,015,000 after acquiring an additional 129,518 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in First Trust Intrmdt Drtn Prfrd & Incm Fd by 18.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 41,197 shares of the company’s stock worth $889,000 after acquiring an additional 6,402 shares during the last quarter.

First Trust Intrmdt Drtn Prfrd & Incm Fd stock traded down $0.03 during midday trading on Friday, hitting $20.10. 259,592 shares of the stock were exchanged, compared to its average volume of 202,710. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 52 week low of $20.00 and a 52 week high of $25.10.

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, October 2nd will be paid a dividend of $0.1425 per share. This is a positive change from First Trust Intrmdt Drtn Prfrd & Incm Fd’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, October 1st. This represents a $1.71 annualized dividend and a yield of 8.51%.

First Trust Intrmdt Drtn Prfrd & Incm Fd Company Profile

There is no company description available for First Trust Intermediate Duration Preferred & Income Fund.

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Institutional Ownership by Quarter for First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF)

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