Kingswood Wealth Advisors LLC Has $163,000 Stock Position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Kingswood Wealth Advisors LLC decreased its stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 26.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,778 shares of the investment management company’s stock after selling 5,813 shares during the period. Kingswood Wealth Advisors LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. RFG Advisory LLC acquired a new position in First Trust Senior Floating Rate Income Fund II during the 1st quarter worth about $130,000. CWM LLC raised 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 purchasing an additional 2,771 shares during the last quarter. Nomura Holdings Inc. bought a new stake in First Trust Senior Floating Rate Income Fund II during the 4th quarter worth about $168,000. Jones Road Capital Management L.P. raised its holdings 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 purchasing an additional 135,054 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in First Trust Senior Floating Rate Income Fund II during the 4th quarter worth about $27,000.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE:FCT opened at $10.08 on Friday. 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 business has a 50-day moving average price of $10.32 and a two-hundred day moving average price of $10.14.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.097 per share. The ex-dividend date is Monday, July 1st. This represents a $1.16 annualized dividend and a yield of 11.55%.

First Trust Senior Floating Rate Income Fund II Company 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.