First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 370,185 shares of the investment management company’s stock after buying an additional 26,456 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $3,831,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Independent Advisor Alliance bought a new position in shares of First Trust Senior Floating Rate Income Fund II in the 4th quarter worth about $268,000. Raymond James Financial Inc. acquired a new stake in First Trust Senior Floating Rate Income Fund II during the fourth quarter worth about $397,000. GraniteShares Advisors LLC lifted its holdings in First Trust Senior Floating Rate Income Fund II by 1.7% in the fourth quarter. GraniteShares Advisors LLC now owns 237,494 shares of the investment management company’s stock worth $2,458,000 after acquiring an additional 4,034 shares during the last quarter. IFP Advisors Inc acquired a new position in First Trust Senior Floating Rate Income Fund II in the fourth quarter valued at approximately $1,527,000. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of First Trust Senior Floating Rate Income Fund II by 27.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 14,250 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 3,100 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE FCT opened at $10.25 on Tuesday. First Trust Senior Floating Rate Income Fund II has a 12-month low of $9.76 and a 12-month high of $10.93. The stock’s 50 day simple moving average is $10.33 and its 200 day simple moving average is $10.34.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.097 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 11.36%. The ex-dividend date of this dividend is Tuesday, April 1st.

About First Trust Senior Floating Rate Income Fund II

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.