Advisors Asset Management Inc. Acquires 37,176 Shares of First Trust Senior Floating Rate Income Fund II $FCT

Advisors Asset Management Inc. boosted its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 663,961 shares of the investment management company’s stock after acquiring an additional 37,176 shares during the quarter. Advisors Asset Management Inc.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $6,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Elequin Capital LP bought a new position in shares of First Trust Senior Floating Rate Income Fund II during the first quarter valued at $64,000. Accredited Investor Services LLC bought a new position in First Trust Senior Floating Rate Income Fund II during the 2nd quarter worth $103,000. Sunpointe LLC acquired a new position in First Trust Senior Floating Rate Income Fund II during the 2nd quarter worth about $180,000. RFG Advisory LLC lifted its holdings in First Trust Senior Floating Rate Income Fund II by 5.4% during the 2nd quarter. RFG Advisory LLC now owns 33,717 shares of the investment management company’s stock worth $343,000 after buying an additional 1,731 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of First Trust Senior Floating Rate Income Fund II by 12.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 39,867 shares of the investment management company’s stock valued at $404,000 after buying an additional 4,390 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of FCT stock opened at $9.56 on Thursday. First Trust Senior Floating Rate Income Fund II has a 1-year low of $8.61 and a 1-year high of $10.59. The stock has a 50-day moving average of $9.72 and a 200-day moving average of $9.92.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.097 per share. The ex-dividend date is Monday, December 1st. This represents a c) annualized dividend and a yield of 12.2%.

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.