Guggenheim Capital LLC Boosts Stock Holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Guggenheim Capital LLC grew its position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 660,702 shares of the investment management company’s stock after purchasing an additional 83,093 shares during the period. Guggenheim Capital LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $6,838,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC increased its stake in First Trust Senior Floating Rate Income Fund II by 1,098.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 334,305 shares of the investment management company’s stock valued at $3,460,000 after buying an additional 306,405 shares during the last quarter. IFP Advisors Inc bought a new position in shares of First Trust Senior Floating Rate Income Fund II in the fourth quarter valued at approximately $1,527,000. Advisors Asset Management Inc. increased its position in shares of First Trust Senior Floating Rate Income Fund II by 25.6% during the fourth quarter. Advisors Asset Management Inc. now owns 564,847 shares of the investment management company’s stock valued at $5,846,000 after acquiring an additional 115,215 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust Senior Floating Rate Income Fund II during the fourth quarter worth $397,000. Finally, Wells Fargo & Company MN grew its stake in First Trust Senior Floating Rate Income Fund II by 40.6% in the 4th quarter. Wells Fargo & Company MN now owns 113,070 shares of the investment management company’s stock valued at $1,170,000 after purchasing an additional 32,649 shares during the period.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE:FCT opened at $9.76 on Friday. The company’s 50-day moving average is $10.11 and its 200 day moving average is $10.27. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $8.61 and a fifty-two week high of $10.93.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.097 per share. This represents a $1.16 annualized dividend and a yield of 11.93%. The ex-dividend date was Tuesday, April 1st.

First Trust Senior Floating Rate Income Fund II Profile

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.