TFG Advisers LLC Has $2.23 Million Stock Holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

TFG Advisers LLC increased its position in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 215,204 shares of the investment management company’s stock after purchasing an additional 3,445 shares during the period. TFG Advisers LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of First Trust Senior Floating Rate Income Fund II during the third quarter valued at approximately $7,637,000. Pathstone Holdings LLC grew its position in First Trust Senior Floating Rate Income Fund II by 522.4% in the 3rd quarter. Pathstone Holdings LLC now owns 494,547 shares of the investment management company’s stock valued at $5,124,000 after purchasing an additional 415,084 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in First Trust Senior Floating Rate Income Fund II during the 3rd quarter valued at $3,636,000. Strategic Financial Concepts LLC raised its holdings in First Trust Senior Floating Rate Income Fund II by 1,098.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 334,305 shares of the investment management company’s stock worth $3,460,000 after buying an additional 306,405 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of First Trust Senior Floating Rate Income Fund II by 20.4% in the third quarter. Advisors Asset Management Inc. now owns 449,632 shares of the investment management company’s stock valued at $4,658,000 after buying an additional 76,268 shares in the last quarter.

Insiders Place Their Bets

In other news, insider James A. Bowen sold 3,955 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $10.41, for a total value of $41,171.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

First Trust Senior Floating Rate Income Fund II Trading Down 0.3 %

Shares of NYSE FCT opened at $10.36 on Friday. The company has a 50-day moving average price of $10.37 and a 200-day moving average price of $10.33. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.76 and a 1 year high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.097 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 11.24%.

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.