Cetera Investment Advisers Sells 4,922 Shares of First Trust Senior Floating Rate Income Fund II $FCT

Cetera Investment Advisers cut its stake in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 10.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,370 shares of the investment management company’s stock after selling 4,922 shares during the period. Cetera Investment Advisers’ holdings in First Trust Senior Floating Rate Income Fund II were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. SeaCrest Wealth Management LLC raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 6.6% in the first quarter. SeaCrest Wealth Management LLC now owns 18,280 shares of the investment management company’s stock worth $185,000 after acquiring an additional 1,128 shares during the last quarter. Invesco Ltd. raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 0.7% in the fourth quarter. Invesco Ltd. now owns 380,667 shares of the investment management company’s stock worth $3,940,000 after acquiring an additional 2,560 shares during the last quarter. NBC Securities Inc. raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 140,400.0% in the first quarter. NBC Securities Inc. now owns 2,810 shares of the investment management company’s stock worth $28,000 after acquiring an additional 2,808 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 10.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,238 shares of the investment management company’s stock worth $313,000 after acquiring an additional 2,898 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 30.0% in the first quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the investment management company’s stock worth $132,000 after acquiring an additional 3,000 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Price Performance

FCT opened at $10.06 on Monday. The firm has a 50 day simple moving average of $10.06 and a 200 day simple moving average of $10.04. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $8.61 and a fifty-two week high of $10.93.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.097 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend was Friday, August 1st.

First Trust Senior Floating Rate Income Fund II 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.