Wolverine Asset Management LLC Purchases Shares of 7,389 First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Wolverine Asset Management LLC purchased a new stake in First Trust Senior Floating Rate Income Fund II (NYSE:FCTGet Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,389 shares of the investment management company’s stock, valued at approximately $89,000.

A number of other institutional investors have also bought and sold shares of FCT. Ahrens Investment Partners LLC acquired a new stake in First Trust Senior Floating Rate Income Fund II in the fourth quarter valued at $27,000. Narwhal Capital Management raised its stake in First Trust Senior Floating Rate Income Fund II by 8.9% in the fourth quarter. Narwhal Capital Management now owns 16,515 shares of the investment management company’s stock valued at $199,000 after buying an additional 1,350 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in First Trust Senior Floating Rate Income Fund II in the fourth quarter valued at $202,000. Evoke Wealth LLC raised its stake in First Trust Senior Floating Rate Income Fund II by 22.4% in the third quarter. Evoke Wealth LLC now owns 18,561 shares of the investment management company’s stock valued at $227,000 after buying an additional 3,397 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in shares of First Trust Senior Floating Rate Income Fund II by 26.9% during the third quarter. Cetera Advisor Networks LLC now owns 19,461 shares of the investment management company’s stock worth $238,000 after purchasing an additional 4,127 shares during the last quarter.

Shares of FCT stock opened at $11.10 on Friday. The stock’s 50-day moving average is $12.31 and its two-hundred day moving average is $12.13. First Trust Senior Floating Rate Income Fund II has a 1 year low of $10.85 and a 1 year high of $13.07.

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 16th. Shareholders of record on Tuesday, May 3rd will be issued a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.78%. The ex-dividend date of this dividend is Monday, May 2nd.

First Trust Senior Floating Rate Income Fund II Profile (Get Rating)

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.

See Also

Institutional Ownership by Quarter for First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

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