First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Insider James A. Bowen Sells 3,955 Shares

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) insider James A. Bowen sold 3,955 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $10.41, for a total value of $41,171.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

First Trust Senior Floating Rate Income Fund II Price Performance

NYSE:FCT opened at $10.38 on Wednesday. The stock has a 50 day simple moving average of $10.35 and a 200 day simple moving average of $10.29. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.70 and a 1-year high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.097 per share. This represents a $1.16 annualized dividend and a yield of 11.21%. The ex-dividend date was Monday, December 2nd.

Institutional Investors Weigh In On First Trust Senior Floating Rate Income Fund II

Institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in shares of First Trust Senior Floating Rate Income Fund II in the third quarter valued at approximately $7,637,000. Pathstone Holdings LLC raised its holdings 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 acquiring an additional 415,084 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of First Trust Senior Floating Rate Income Fund II during the 3rd quarter valued at $3,636,000. Strategic Financial Concepts LLC lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 1,095.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 265,472 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 243,272 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of First Trust Senior Floating Rate Income Fund II by 20.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 449,632 shares of the investment management company’s stock worth $4,658,000 after purchasing an additional 76,268 shares in the last quarter.

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.