RFG Advisory LLC Acquires Shares of 12,576 First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

RFG Advisory LLC purchased a new stake in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,576 shares of the investment management company’s stock, valued at approximately $130,000.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its holdings in First Trust Senior Floating Rate Income Fund II by 15.0% during the 1st quarter. CWM LLC now owns 21,210 shares of the investment management company’s stock worth $220,000 after buying an additional 2,771 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in First Trust Senior Floating Rate Income Fund II during the 4th quarter worth $168,000. Jones Road Capital Management L.P. raised its stake in First Trust Senior Floating Rate Income Fund II by 57.5% during the 4th quarter. Jones Road Capital Management L.P. now owns 370,054 shares of the investment management company’s stock worth $3,734,000 after acquiring an additional 135,054 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in First Trust Senior Floating Rate Income Fund II during the 4th quarter worth $27,000. Finally, 1607 Capital Partners LLC grew its position in First Trust Senior Floating Rate Income Fund II by 7.3% during the 4th quarter. 1607 Capital Partners LLC now owns 677,415 shares of the investment management company’s stock worth $6,835,000 after purchasing an additional 46,100 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of First Trust Senior Floating Rate Income Fund II stock opened at $10.10 on Thursday. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.51 and a 1 year high of $10.59. The company’s fifty day moving average is $10.32 and its two-hundred day moving average is $10.14.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a $0.097 dividend. This represents a $1.16 annualized dividend and a dividend yield of 11.52%. The ex-dividend date of this dividend is Monday, July 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.