First Trust Senior Floating Rate Income Fund II $FCT Shares Bought by TFG Advisers LLC

TFG Advisers LLC grew its stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 222,532 shares of the investment management company’s stock after acquiring an additional 3,298 shares during the quarter. TFG Advisers LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,261,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. raised its stake in First Trust Senior Floating Rate Income Fund II by 140,400.0% in the 1st quarter. NBC Securities Inc. now owns 2,810 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 2,808 shares during the last quarter. Elequin Capital LP acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the first quarter valued at approximately $64,000. Cullen Frost Bankers Inc. lifted its stake in shares of First Trust Senior Floating Rate Income Fund II by 30.0% during the first quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the investment management company’s stock valued at $132,000 after buying an additional 3,000 shares during the period. Verity Asset Management Inc. acquired a new stake in First Trust Senior Floating Rate Income Fund II during the first quarter worth approximately $152,000. Finally, Sunpointe LLC purchased a new stake in First Trust Senior Floating Rate Income Fund II in the 2nd quarter worth approximately $180,000.

First Trust Senior Floating Rate Income Fund II Stock Performance

FCT stock opened at $9.91 on Thursday. First Trust Senior Floating Rate Income Fund II has a 52-week low of $8.61 and a 52-week high of $10.59. The stock’s fifty day simple moving average is $10.07 and its 200-day simple moving average is $9.98.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.097 per share. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Wednesday, October 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.