D.A. Davidson & CO. Sells 5,355 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

D.A. Davidson & CO. lowered its stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,530 shares of the investment management company’s stock after selling 5,355 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,365,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV bought a new position in First Trust Senior Floating Rate Income Fund II in the 3rd quarter valued at $212,000. Pathstone Holdings LLC grew its stake in First Trust Senior Floating Rate Income Fund II by 522.4% in the 3rd quarter. Pathstone Holdings LLC now owns 494,547 shares of the investment management company’s stock valued at $5,124,000 after purchasing an additional 415,084 shares during the period. Avior Wealth Management LLC grew its stake in First Trust Senior Floating Rate Income Fund II by 647.8% in 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 period. Advisors Asset Management Inc. grew its stake in First Trust Senior Floating Rate Income Fund II by 20.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 449,632 shares of the investment management company’s stock valued at $4,658,000 after purchasing an additional 76,268 shares during the period. Finally, Penserra Capital Management LLC bought a new position in First Trust Senior Floating Rate Income Fund II in the 3rd quarter valued at $7,637,000.

Insider Activity

In other news, insider James A. Bowen sold 3,955 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $10.41, for a total transaction of $41,171.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of NYSE:FCT opened at $10.39 on Friday. The business has a fifty day moving average price of $10.38 and a two-hundred day moving average price of $10.34. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.76 and a 1 year high of $10.93.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.097 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 11.21%.

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.