Gradient Investments LLC Sells 10,542 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Gradient Investments LLC decreased its position in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCTGet Rating) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 755,194 shares of the investment management company’s stock after selling 10,542 shares during the quarter. Gradient Investments LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $7,544,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FCT. Atria Wealth Solutions Inc. bought a new position in First Trust Senior Floating Rate Income Fund II during the 1st quarter worth approximately $140,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 1st quarter valued at $142,000. Coastal Investment Advisors Inc. bought a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 1st quarter valued at $160,000. Envestnet Asset Management Inc. bought a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 4th quarter valued at $253,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 1st quarter valued at $281,000.

First Trust Senior Floating Rate Income Fund II Trading Down 1.8 %

NYSE:FCT opened at $9.89 on Monday. The company has a fifty day moving average of $10.30 and a 200-day moving average of $11.09. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.53 and a twelve month high of $13.07.

First Trust Senior Floating Rate Income Fund II Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were paid a $0.069 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.83 annualized dividend and a dividend yield of 8.37%.

First Trust Senior Floating Rate Income Fund II Company Profile

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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.

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Institutional Ownership by Quarter for First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

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