First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Insider Sells $41,171.55 in Stock

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) insider James A. Bowen sold 3,955 shares of First Trust Senior Floating Rate Income Fund II stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $10.41, for a total transaction of $41,171.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

First Trust Senior Floating Rate Income Fund II Price Performance

First Trust Senior Floating Rate Income Fund II stock opened at $10.27 on Friday. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $9.70 and a fifty-two week high of $10.93. The firm has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $10.29.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.097 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.16 annualized dividend and a dividend yield of 11.33%.

Hedge Funds Weigh In On First Trust Senior Floating Rate Income Fund II

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. TFG Advisers LLC grew its position in First Trust Senior Floating Rate Income Fund II by 10.9% during the second quarter. TFG Advisers LLC now owns 216,234 shares of the investment management company’s stock worth $2,180,000 after buying an additional 21,203 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of First Trust Senior Floating Rate Income Fund II by 11.5% during the second quarter. Concurrent Investment Advisors LLC now owns 11,150 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 1,150 shares during the period. Commonwealth Equity Services LLC increased its position in shares of First Trust Senior Floating Rate Income Fund II by 17.4% during the second quarter. Commonwealth Equity Services LLC now owns 305,460 shares of the investment management company’s stock valued at $3,079,000 after purchasing an additional 45,163 shares during the period. GraniteShares Advisors LLC lifted its position in First Trust Senior Floating Rate Income Fund II by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 195,530 shares of the investment management company’s stock worth $1,971,000 after purchasing an additional 24,390 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in First Trust Senior Floating Rate Income Fund II in the second quarter worth $79,000.

About First Trust Senior Floating Rate Income Fund II

First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.