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The Fund's primary investment objective is to seek a high level of current income. As a secondary objective, the Fund seeks capital appreciation. The Fund pursues its objectives by investing in preferred and other income-producing securities. The Fund seeks to maintain, under normal market conditions, a duration (excluding the effects of leverage) of between three and eight years.
First Trust Intermediate Duration Preferred & Income Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol FPF.
As of August 7, 2026, FPF stock price climbed to $17.67 with 78,316 million shares trading.
FPF has a beta of 0.57, meaning it tends to be less sensitive to market movements. FPF has a correlation of 0.48 to the broad based SPY ETF.
FPF has a market cap of $1.08 billion. This is considered a Small Cap stock.
In the last 3 years, FPF traded as high as $19.75 and as low as $13.91.
FPF has underperformed the market in the last year with a price return of +2.8% while the SPY ETF gained +23.4%. FPF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.3% and 0.0%, respectively, while the SPY returned +5.6% and +4.8%, respectively.
FPF support price is $17.43 and resistance is $17.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FPF shares will trade within this expected range on the day.