IFP Advisors Inc Takes $1.53 Million Position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

IFP Advisors Inc bought a new position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 147,507 shares of the investment management company’s stock, valued at approximately $1,527,000.

A number of other institutional investors have also recently bought and sold shares of the business. Avior Wealth Management LLC raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 647.8% in the 3rd quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock valued at $66,000 after buying an additional 5,500 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in First Trust Senior Floating Rate Income Fund II by 27.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 14,250 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 3,100 shares during the period. Moss Adams Wealth Advisors LLC acquired a new position in First Trust Senior Floating Rate Income Fund II in the fourth quarter worth about $171,000. SeaCrest Wealth Management LLC lifted its stake in 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 worth $178,000 after purchasing an additional 1,669 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in First Trust Senior Floating Rate Income Fund II during the third quarter valued at approximately $212,000.

First Trust Senior Floating Rate Income Fund II Trading Down 0.1 %

FCT stock opened at $10.37 on Thursday. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.76 and a 1-year high of $10.93. The business’s 50 day moving average is $10.38 and its 200-day moving average is $10.35.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.097 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.16 annualized dividend and a yield of 11.23%.

Insider Buying and Selling at First Trust Senior Floating Rate Income Fund II

In related news, insider James A. Bowen sold 3,955 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.