First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 370,185 shares of the investment management company’s stock after buying an additional 26,456 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $3,831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in 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 buying an additional 5,500 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 27.8% in 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 in the last quarter. Moss Adams Wealth Advisors LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II during the fourth quarter valued at approximately $171,000. SeaCrest Wealth Management LLC raised its holdings in First Trust Senior Floating Rate Income Fund II by 10.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 17,152 shares of the investment management company’s stock worth $178,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new stake in First Trust Senior Floating Rate Income Fund II in the fourth quarter worth approximately $268,000.

First Trust Senior Floating Rate Income Fund II Stock Up 0.6 %

Shares of FCT stock opened at $10.25 on Tuesday. The stock has a 50-day simple moving average of $10.33 and a 200 day simple moving average of $10.34. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $9.76 and a fifty-two week 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 Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.097 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of 11.36%.

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.