Sanctuary Advisors LLC Sells 4,050 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Sanctuary Advisors LLC decreased its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,016 shares of the investment management company’s stock after selling 4,050 shares during the period. Sanctuary Advisors LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FCT. Avior Wealth Management LLC increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 647.8% during the third quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 5,500 shares in the last quarter. Moss Adams Wealth Advisors LLC bought a new position in shares of First Trust Senior Floating Rate Income Fund II during the fourth quarter valued at approximately $171,000. SeaCrest Wealth Management LLC increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 10.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 17,152 shares of the investment management company’s stock valued at $178,000 after purchasing an additional 1,669 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in shares of First Trust Senior Floating Rate Income Fund II during the third quarter valued at approximately $212,000. Finally, RFG Advisory LLC increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 22.6% during the fourth quarter. RFG Advisory LLC now owns 26,296 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 4,842 shares in the last quarter.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of FCT opened at $10.26 on Tuesday. The firm has a 50 day moving average of $10.38 and a 200 day moving average of $10.35. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.76 and a twelve month high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.097 per share. This represents a $1.16 annualized dividend and a dividend yield of 11.35%. The ex-dividend date of this dividend is Monday, March 3rd.

Insider Activity at First Trust Senior Floating Rate Income Fund II

In related news, insider James A. Bowen sold 3,955 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $10.41, for a total transaction of $41,171.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.