Insider Selling: First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Insider Sells 3,955 Shares of Stock

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) insider James A. Bowen sold 3,955 shares of First Trust Senior Floating Rate Income Fund II stock in a transaction on Monday, December 16th. The shares were sold at an average price of $10.41, for a total value of $41,171.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Trust Senior Floating Rate Income Fund II Stock Performance

First Trust Senior Floating Rate Income Fund II stock opened at $10.28 on Thursday. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.70 and a twelve month high of $10.93. The business has a fifty day moving average of $10.35 and a two-hundred day moving average of $10.29.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.097 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.16 annualized dividend and a yield of 11.32%.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

A number of institutional investors have recently bought and sold shares of the stock. TFG Advisers LLC raised its position in First Trust Senior Floating Rate Income Fund II by 10.9% during the 2nd quarter. TFG Advisers LLC now owns 216,234 shares of the investment management company’s stock worth $2,180,000 after buying an additional 21,203 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 11.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 11,150 shares of the investment management company’s stock worth $112,000 after buying an additional 1,150 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 17.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 305,460 shares of the investment management company’s stock valued at $3,079,000 after buying an additional 45,163 shares in the last quarter. GraniteShares Advisors LLC raised its position in First Trust Senior Floating Rate Income Fund II by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 195,530 shares of the investment management company’s stock worth $1,971,000 after acquiring an additional 24,390 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II during the 2nd quarter worth about $79,000.

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.