First Trust Intermediate Duration Preferred & Income Fund (FPF)
First Trust Intermediate Duration Preferred & Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $17.80, up 0.28% on the session, giving a market capitalisation of $1.08B. On trailing twelve-month figures it carries a trailing P/E of 7.01, a net margin of 111.3%. Its beta of 0.81 implies it has historically moved less than the broad market.
The First Trust Intermediate Duration Preferred & Income Fund (FPF) functions as a closed-end mutual fund, primarily managed by First Trust Advisors L.P., with Stonebridge Advisors, LLC also contributing to its management. This fund strategically allocates capital within the fixed-income markets. A notable aspect of its investment approach is the inclusion of below-investment-grade instruments, commonly known as high-yield or "junk" securities. Established on May 23, 2013, the FPF is legally domiciled within the United States.
First Trust Intermediate Duration Preferred & Income Fund is most often compared with the following Financial Services names: