Advisors Asset Management Inc. Acquires 115,215 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Advisors Asset Management Inc. boosted its stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 564,847 shares of the investment management company’s stock after acquiring an additional 115,215 shares during the quarter. Advisors Asset Management Inc.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $5,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FCT. Avior Wealth Management LLC increased its position in shares of First Trust Senior Floating Rate Income Fund II by 647.8% during the 3rd quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 5,500 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in First Trust Senior Floating Rate Income Fund II by 27.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 14,250 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 3,100 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II in the fourth quarter valued at $171,000. SeaCrest Wealth Management LLC lifted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 10.8% in 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. Finally, Independent Advisor Alliance purchased a new position in shares of First Trust Senior Floating Rate Income Fund II during the 4th quarter worth about $268,000.

First Trust Senior Floating Rate Income Fund II Trading Down 0.4 %

Shares of NYSE:FCT opened at $10.20 on Thursday. 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 firm’s 50-day moving average is $10.33 and its 200 day moving average is $10.34.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.097 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.42%. The ex-dividend date was Monday, March 3rd.

First Trust Senior Floating Rate Income Fund II Company 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.