International Assets Investment Management LLC Makes New $9.34 Million Investment in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

International Assets Investment Management LLC acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) during the fourth quarter, Holdings Channel reports. The firm acquired 94,231 shares of the investment management company’s stock, valued at approximately $9,339,000.

Other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 12.0% during the 3rd quarter. LPL Financial LLC now owns 1,371,779 shares of the investment management company’s stock worth $13,718,000 after buying an additional 146,965 shares during the period. Advisors Asset Management Inc. lifted its holdings in First Trust Senior Floating Rate Income Fund II by 8.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 303,075 shares of the investment management company’s stock valued at $3,031,000 after purchasing an additional 23,631 shares during the last quarter. UBS Group AG boosted its position in First Trust Senior Floating Rate Income Fund II by 2.0% in the third quarter. UBS Group AG now owns 220,635 shares of the investment management company’s stock valued at $2,206,000 after buying an additional 4,384 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in First Trust Senior Floating Rate Income Fund II by 112.9% in the third quarter. Commonwealth Equity Services LLC now owns 167,800 shares of the investment management company’s stock valued at $1,678,000 after buying an additional 88,999 shares in the last quarter. Finally, Virtus ETF Advisers LLC increased its holdings in shares of First Trust Senior Floating Rate Income Fund II by 84.4% during the third quarter. Virtus ETF Advisers LLC now owns 68,101 shares of the investment management company’s stock worth $681,000 after buying an additional 31,161 shares in the last quarter.

First Trust Senior Floating Rate Income Fund II Trading Up 0.2 %

NYSE:FCT opened at $10.32 on Tuesday. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.45 and a 1 year high of $10.42. The firm has a 50 day moving average of $10.23 and a 200-day moving average of $10.01.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd will be given a $0.097 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.16 annualized dividend and a yield of 11.28%.

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.