Advisors Asset Management Inc. Buys 55,646 Shares of First Trust Senior Floating Rate Income Fund II $FCT

Advisors Asset Management Inc. boosted its position in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 719,607 shares of the investment management company’s stock after buying an additional 55,646 shares during the quarter. Advisors Asset Management Inc.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $7,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tactive Advisors LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II during the second quarter valued at $114,000. Jane Street Group LLC acquired a new position in First Trust Senior Floating Rate Income Fund II during the 2nd quarter valued at about $144,000. Ethos Financial Group LLC acquired a new position in First Trust Senior Floating Rate Income Fund II during the 3rd quarter valued at about $211,000. NWF Advisory Services Inc. grew its position in shares of First Trust Senior Floating Rate Income Fund II by 5.9% during the 2nd quarter. NWF Advisory Services Inc. now owns 24,187 shares of the investment management company’s stock worth $246,000 after buying an additional 1,357 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 12.0% during the third quarter. Envestnet Asset Management Inc. now owns 31,396 shares of the investment management company’s stock worth $314,000 after buying an additional 3,373 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Stock Up 0.1%

Shares of FCT stock opened at $9.94 on Thursday. The firm’s 50 day moving average price is $9.97 and its two-hundred day moving average price is $9.90. First Trust Senior Floating Rate Income Fund II has a 52-week low of $8.61 and a 52-week high of $10.49.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a dividend of $0.097 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%.

First Trust Senior Floating Rate Income Fund II Company Profile

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) is a diversified, closed-end management investment company that seeks to provide current income with preservation of capital. Listed on the New York Stock Exchange, the fund pursues its objective by investing primarily in senior floating rate loans and other floating rate debt instruments of U.S. and non-U.S. companies. As a closed-end vehicle, FCT issues a fixed number of common shares and may utilize leverage to enhance returns for shareholders.

Under normal market conditions, FCT allocates at least 80% of its managed assets to senior floating rate loans, which are typically secured obligations of corporate borrowers.