Nations Financial Group Inc. IA ADV Buys New Shares in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Nations Financial Group Inc. IA ADV acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) during the third quarter, Holdings Channel reports. The fund acquired 20,466 shares of the investment management company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SeaCrest Wealth Management LLC grew its stake in shares of First Trust Senior Floating Rate Income Fund II by 11.1% during the third quarter. SeaCrest Wealth Management LLC now owns 15,483 shares of the investment management company’s stock valued at $160,000 after buying an additional 1,542 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of First Trust Senior Floating Rate Income Fund II in the second quarter worth about $523,000. Strategic Financial Concepts LLC grew its stake in shares of First Trust Senior Floating Rate Income Fund II by 1,095.8% in the second quarter. Strategic Financial Concepts LLC now owns 265,472 shares of the investment management company’s stock worth $26,000 after purchasing an additional 243,272 shares during the last quarter. Shaker Financial Services LLC grew its stake in shares of First Trust Senior Floating Rate Income Fund II by 9.8% in the second quarter. Shaker Financial Services LLC now owns 65,165 shares of the investment management company’s stock worth $657,000 after purchasing an additional 5,822 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of First Trust Senior Floating Rate Income Fund II in the second quarter worth about $79,000.

First Trust Senior Floating Rate Income Fund II Price Performance

NYSE FCT opened at $10.32 on Friday. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.64 and a 1 year high of $10.93. The business’s 50-day moving average is $10.33 and its 200 day moving average is $10.30.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.097 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.16 annualized dividend and a yield of 11.28%.

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.