TrueMark Investments LLC Has $771,000 Holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

TrueMark Investments LLC trimmed its position in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 17.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 74,533 shares of the investment management company’s stock after selling 15,611 shares during the quarter. TrueMark Investments LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. SeaCrest Wealth Management LLC grew its position in First Trust Senior Floating Rate Income Fund II by 10.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 17,152 shares of the investment management company’s stock worth $178,000 after acquiring an additional 1,669 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in First Trust Senior Floating Rate Income Fund II by 14.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 31,800 shares of the investment management company’s stock worth $329,000 after purchasing an additional 3,900 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of First Trust Senior Floating Rate Income Fund II during the fourth quarter worth $268,000. Commonwealth Equity Services LLC increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 7.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 370,185 shares of the investment management company’s stock valued at $3,831,000 after buying an additional 26,456 shares in the last quarter. Finally, IFP Advisors Inc bought a new position in shares of First Trust Senior Floating Rate Income Fund II in the fourth quarter valued at about $1,527,000.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE:FCT opened at $10.26 on Wednesday. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.76 and a 12 month high of $10.93. The company’s 50-day moving average price is $10.33 and its two-hundred day moving average price is $10.34.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.097 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of 11.35%.

First Trust Senior Floating Rate Income Fund II Profile

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.