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

Commonwealth Equity Services LLC raised its position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 43.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,297 shares of the investment management company’s stock after acquiring an additional 78,802 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,694,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. GraniteShares Advisors LLC acquired a new position in First Trust Senior Floating Rate Income Fund II during the 4th quarter worth $1,507,000. CWM LLC purchased a new position in shares of First Trust Senior Floating Rate Income Fund II in the fourth quarter worth approximately $186,000. Realta Investment Advisors lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 21.2% in the fourth quarter. Realta Investment Advisors now owns 14,414 shares of the investment management company’s stock worth $145,000 after purchasing an additional 2,519 shares in the last quarter. Shaker Financial Services LLC boosted its stake in shares of First Trust Senior Floating Rate Income Fund II by 8.1% during the 4th quarter. Shaker Financial Services LLC now owns 26,675 shares of the investment management company’s stock valued at $269,000 after buying an additional 1,999 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Senior Floating Rate Income Fund II during the 4th quarter valued at $9,339,000.

First Trust Senior Floating Rate Income Fund II Stock Performance

NYSE FCT traded up $0.04 on Friday, reaching $10.24. The stock had a trading volume of 58,184 shares, compared to its average volume of 116,010. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.51 and a 1 year high of $10.59. The business has a 50 day moving average price of $10.30 and a 200 day moving average price of $10.15.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a $0.097 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 11.37%.

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.