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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 April 18, 2024, FPF stock price climbed to $16.99 with 120,166 million shares trading.
FPF has a beta of 0.78, meaning it tends to be less sensitive to market movements. FPF has a correlation of 0.38 to the broad based SPY ETF.
FPF has a market cap of $1.03 billion. This is considered a Small Cap stock.
In the last 3 years, FPF stock traded as high as $26.26 and as low as $13.91.
FPF has underperformed the market in the last year with a price return of +18.1% while the SPY ETF gained +22.3%. FPF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.3% and -4.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.
FPF support price is $16.74 and resistance is $17.06 (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 stock will trade within this expected range on the day.