First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Sold by TFG Advisers LLC

TFG Advisers LLC trimmed its holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 211,759 shares of the investment management company’s stock after selling 4,475 shares during the period. TFG Advisers LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,194,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 11.5% during the second quarter. Concurrent Investment Advisors LLC now owns 11,150 shares of the investment management company’s stock worth $112,000 after purchasing an additional 1,150 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in First Trust Senior Floating Rate Income Fund II by 11.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,483 shares of the investment management company’s stock valued at $160,000 after buying an additional 1,542 shares during the period. Oppenheimer & Co. Inc. raised its position in First Trust Senior Floating Rate Income Fund II by 11.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,600 shares of the investment management company’s stock worth $182,000 after buying an additional 1,746 shares during the last quarter. Shaker Financial Services LLC raised its position in First Trust Senior Floating Rate Income Fund II by 9.8% during the 2nd quarter. Shaker Financial Services LLC now owns 65,165 shares of the investment management company’s stock worth $657,000 after buying an additional 5,822 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 2nd quarter worth $79,000.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE:FCT remained flat at $10.35 during midday trading on Wednesday. 13,364 shares of the stock traded hands, compared to its average volume of 126,285. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.51 and a 1-year high of $10.93. The company’s 50-day moving average price is $10.33 and its 200 day moving average price is $10.29.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.097 per share. This represents a $1.16 annualized dividend and a yield of 11.25%. The ex-dividend date is Friday, November 1st.

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.