(FPF) First Trust Intermediate - Ratings and Ratios

The First Trust Intermediate Duration Preferred and Income Closed Fund (NYSE:FPF) is a USA-originated investment fund specializing in preferred stock. As a closed-end fund, FPF is designed to provide investors with a stable income stream and diversification benefits by investing in a portfolio of preferred securities.

Analyzing the funds characteristics, its evident that FPF focuses on intermediate-duration preferred stocks, aiming to balance yield and interest rate risk. The funds investment strategy is likely centered around generating income through a diversified portfolio of preferred securities, which typically offer higher yields than traditional fixed-income investments.

From a technical analysis perspective, the funds price action indicates a relatively stable trend. With the last price at $17.82, its above both its 20-day and 50-day simple moving averages (SMA20: $17.28, SMA50: $17.65), suggesting a short-term uptrend. However, the proximity to its 200-day simple moving average (SMA200: $17.79) and the 52-week high ($18.49) indicates potential resistance levels. The Average True Range (ATR: 0.33 = 1.84%) suggests moderate volatility, which may impact trading decisions.

Considering the funds assets under management (AUM: $1.266 billion USD), FPF is a sizable investment vehicle with a considerable presence in the preferred stock market. This scale can provide investors with liquidity and potentially lower trading costs.

Forecasting FPFs performance based on the available technical and fundamental data, we can infer that the fund is likely to continue its stable trend. If the fund maintains its current price above the SMA50 and SMA200, it may attract more investors, potentially driving the price towards the 52-week high. However, if the overall market sentiment shifts or interest rates change, the funds performance may be impacted. A potential target price could be around $18.20, representing a 2.1% increase from the current price, assuming the uptrend continues and the funds AUM remains stable or grows. Conversely, a decline below the SMA50 could signal a potential downtrend, with a target price around $17.40.