First Trust Senior Floating Rate Income Fund II $FCT Stake Reduced by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in shares of 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 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,370 shares of the investment management company’s stock after selling 4,922 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust Senior Floating Rate Income Fund II were worth $450,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. grew its stake in First Trust Senior Floating Rate Income Fund II by 140,400.0% during the 1st quarter. NBC Securities Inc. now owns 2,810 shares of the investment management company’s stock worth $28,000 after buying an additional 2,808 shares during the last quarter. GAMMA Investing LLC grew its stake in First Trust Senior Floating Rate Income Fund II by 913.9% during the 1st quarter. GAMMA Investing LLC now owns 5,242 shares of the investment management company’s stock worth $517,000 after buying an additional 4,725 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in First Trust Senior Floating Rate Income Fund II by 30.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the investment management company’s stock worth $132,000 after buying an additional 3,000 shares during the last quarter. Verity Asset Management Inc. bought a new position in First Trust Senior Floating Rate Income Fund II during the 1st quarter worth $152,000. Finally, Ameriflex Group Inc. bought a new position in First Trust Senior Floating Rate Income Fund II during the 4th quarter worth $186,000.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of FCT opened at $10.06 on Monday. First Trust Senior Floating Rate Income Fund II has a one year low of $8.61 and a one year high of $10.93. The stock’s fifty day moving average is $10.06 and its 200-day moving average is $10.04.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given 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 was Friday, August 1st.

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.