GAMMA Investing LLC Acquires 4,725 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

GAMMA Investing LLC boosted its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 913.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,242 shares of the investment management company’s stock after purchasing an additional 4,725 shares during the quarter. GAMMA Investing LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $517,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FCT. Concurrent Investment Advisors LLC boosted its stake in First Trust Senior Floating Rate Income Fund II by 27.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 14,250 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 3,100 shares during the period. Ameriflex Group Inc. bought a new stake in First Trust Senior Floating Rate Income Fund II during the 4th quarter valued at approximately $186,000. Independent Advisor Alliance bought a new stake in First Trust Senior Floating Rate Income Fund II during the 4th quarter valued at approximately $268,000. Envestnet Asset Management Inc. boosted its stake in First Trust Senior Floating Rate Income Fund II by 10.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,238 shares of the investment management company’s stock valued at $313,000 after purchasing an additional 2,898 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in First Trust Senior Floating Rate Income Fund II by 14.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 31,800 shares of the investment management company’s stock valued at $329,000 after purchasing an additional 3,900 shares during the period.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of NYSE:FCT opened at $9.90 on Thursday. The business has a 50 day moving average price of $9.84 and a 200 day moving average price of $10.12. First Trust Senior Floating Rate Income Fund II has a twelve month low of $8.61 and a twelve month high of $10.93.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.097 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.76%.

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.