Sanctuary Advisors LLC Takes Position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Sanctuary Advisors LLC acquired a new position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,672 shares of the investment management company’s stock, valued at approximately $523,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the 4th quarter worth approximately $168,000. CWM LLC raised its position in shares of First Trust Senior Floating Rate Income Fund II by 15.0% during the 1st quarter. CWM LLC now owns 21,210 shares of the investment management company’s stock valued at $220,000 after acquiring an additional 2,771 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the 1st quarter valued at $130,000. SeaCrest Wealth Management LLC boosted its position in shares of First Trust Senior Floating Rate Income Fund II by 29.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 13,805 shares of the investment management company’s stock worth $143,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust Senior Floating Rate Income Fund II by 43.4% during the first quarter. Commonwealth Equity Services LLC now owns 260,297 shares of the investment management company’s stock worth $2,694,000 after purchasing an additional 78,802 shares during the period.

First Trust Senior Floating Rate Income Fund II Trading Down 0.1 %

NYSE FCT opened at $10.37 on Wednesday. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.51 and a 12 month high of $10.93. The stock has a 50-day simple moving average of $10.32 and a 200 day simple moving average of $10.28.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.097 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.16 annualized dividend and a yield of 11.23%.

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.