60,402 Shares in First Trust Senior Floating Rate Income Fund II $FCT Acquired by CX Institutional

CX Institutional bought a new position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 60,402 shares of the investment management company’s stock, valued at approximately $604,000.

A number of other hedge funds have also recently made changes to their positions in FCT. Accredited Investor Services LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II in the second quarter worth $103,000. Tactive Advisors LLC purchased a new position in First Trust Senior Floating Rate Income Fund II during the second quarter worth about $114,000. Jane Street Group LLC bought a new position in First Trust Senior Floating Rate Income Fund II in the 2nd quarter worth about $144,000. Sunpointe LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 2nd quarter valued at about $180,000. Finally, NWF Advisory Services Inc. boosted its position in shares of First Trust Senior Floating Rate Income Fund II by 5.9% during the 2nd quarter. NWF Advisory Services Inc. now owns 24,187 shares of the investment management company’s stock valued at $246,000 after acquiring an additional 1,357 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE FCT opened at $10.00 on Friday. The business has a 50-day moving average of $9.76 and a 200-day moving average of $9.92. First Trust Senior Floating Rate Income Fund II has a 12 month low of $8.61 and a 12 month high of $10.49.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $0.097 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

First Trust Senior Floating Rate Income Fund II Profile

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) is a diversified, closed-end management investment company that seeks to provide current income with preservation of capital. Listed on the New York Stock Exchange, the fund pursues its objective by investing primarily in senior floating rate loans and other floating rate debt instruments of U.S. and non-U.S. companies. As a closed-end vehicle, FCT issues a fixed number of common shares and may utilize leverage to enhance returns for shareholders.

Under normal market conditions, FCT allocates at least 80% of its managed assets to senior floating rate loans, which are typically secured obligations of corporate borrowers.