Ifc Holdings Incorporatedfl buys $1,663,331 stake in First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF)

First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) : Ifc Holdings Incorporatedfl scooped up 37,000 additional shares in First Trust Intrmdt Drtn Prfrd & Incm Fd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 70,510 shares of First Trust Intrmdt Drtn Prfrd & Incm Fd which is valued at $1,663,331.First Trust Intrmdt Drtn Prfrd & Incm Fd makes up approximately 0.18% of Ifc Holdings Incorporatedfl’s portfolio.

Other Hedge Funds, Including , Investors Capital Advisory Services boosted its stake in FPF in the latest quarter, The investment management firm added 1,266 additional shares and now holds a total of 22,332 shares of First Trust Intrmdt Drtn Prfrd & Incm Fd which is valued at $526,812. First Trust Intrmdt Drtn Prfrd & Incm Fd makes up approx 0.10% of Investors Capital Advisory Services’s portfolio.Creative Planning reduced its stake in FPF by selling 616 shares or 11.01% in the most recent quarter. The Hedge Fund company now holds 4,979 shares of FPF which is valued at $117,206.

First Trust Intermediate Duration Preferred & Income Fund (the Fund) is a newly organized non-diversified closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. The Fund has a secondary objective of capital appreciation. The Fund will invest at least 80% of its managed assets in a portfolio of preferred and other income-producing securities issued by United States and non-United States Companies. The Fund also will invest at least 25% of its Managed Assets in the group of industries that are part of the financials sector as classified under the Global Industry Classification Standards developed by MSCI Inc. and Standard & Poor’s. First Trust Advisors L.P. is the investment advisor and Stonebridge Advisors LLC is the Fund’s sub-advisor.

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