Advisors Asset Management Inc. Raises Holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Advisors Asset Management Inc. lifted its position in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 25.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 564,847 shares of the investment management company’s stock after buying 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 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in First Trust Senior Floating Rate Income Fund II during the 3rd quarter worth about $7,637,000. Pathstone Holdings LLC boosted its stake in shares of First Trust Senior Floating Rate Income Fund II by 522.4% during the third 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 in the last quarter. Commonwealth Equity Services LLC increased its holdings in First Trust Senior Floating Rate Income Fund II by 7.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 370,185 shares of the investment management company’s stock valued at $3,831,000 after buying an additional 26,456 shares during the period. Kovitz Investment Group Partners LLC bought a new position in First Trust Senior Floating Rate Income Fund II in the third quarter worth approximately $3,636,000. Finally, Strategic Financial Concepts LLC lifted its holdings in First Trust Senior Floating Rate Income Fund II by 1,098.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 334,305 shares of the investment management company’s stock worth $3,460,000 after buying an additional 306,405 shares during the period.

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 business’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $10.34.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

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

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.