Penserra Capital Management LLC Grows Stake in First Trust Senior Floating Rate Income Fund II $FCT

Penserra Capital Management LLC raised its stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 93.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 714,654 shares of the investment management company’s stock after purchasing an additional 344,758 shares during the period. Penserra Capital Management LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $7,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Invesco Ltd. increased its position in shares of First Trust Senior Floating Rate Income Fund II by 36.6% during the 2nd quarter. Invesco Ltd. now owns 512,105 shares of the investment management company’s stock valued at $5,203,000 after purchasing an additional 137,308 shares during the last quarter. CX Institutional purchased a new position in First Trust Senior Floating Rate Income Fund II during the third quarter worth $604,000. Ameriprise Financial Inc. increased its position in First Trust Senior Floating Rate Income Fund II by 27.8% during the second quarter. Ameriprise Financial Inc. now owns 188,001 shares of the investment management company’s stock valued at $1,910,000 after acquiring an additional 40,907 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 5.9% in the second quarter. Advisors Asset Management Inc. now owns 663,961 shares of the investment management company’s stock valued at $6,746,000 after acquiring an additional 37,176 shares during the period. Finally, World Investment Advisors bought a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 3rd quarter worth about $353,000.

First Trust Senior Floating Rate Income Fund II Trading Down 0.7%

Shares of NYSE:FCT opened at $9.90 on Friday. First Trust Senior Floating Rate Income Fund II has a 12 month low of $8.61 and a 12 month high of $10.49. The firm’s 50-day moving average is $9.95 and its 200 day moving average is $9.91.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be issued a $0.097 dividend. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Monday, February 2nd.

About First Trust Senior Floating Rate Income Fund II

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.