First Trust Intermediate Duration Preferred & Income FundFPF
Market Cap: $1.18B
About: First Trust Inter Dur Pref& Income Fund is a diversified, 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.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding
Funds holding: 106 [Q1] → 106 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
11% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 35
11.93% less ownership
Funds ownership: 38.6% [Q1] → 26.66% (-11.93%) [Q2]
29% less capital invested
Capital invested by funds: $421M [Q1] → $298M (-$123M) [Q2]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for FPF.