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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 March 28, 2024, FPF stock price climbed to $17.92 with 190,244 million shares trading.
FPF has a beta of 0.80, meaning it tends to be less sensitive to market movements. FPF has a correlation of 0.30 to the broad based SPY ETF.
FPF has a market cap of $1.09 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 +29.6% while the SPY ETF gained +33.6%. However, in the short term, FPF had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.8% vs +10.1% return in SPY. But in the last 2 weeks, FPF shares have been beat by the market, returning +0.7% compared to an SPY return of +1.7%.
FPF support price is $17.76 and resistance is $17.98 (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.