Advisors Asset Management Inc. Buys 55,646 Shares of First Trust Senior Floating Rate Income Fund II $FCT

Advisors Asset Management Inc. boosted its stake in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 8.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 719,607 shares of the investment management company’s stock after acquiring an additional 55,646 shares during the quarter. Advisors Asset Management Inc.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $7,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 93.2% in the 3rd quarter. Penserra Capital Management LLC now owns 714,654 shares of the investment management company’s stock valued at $7,146,000 after purchasing an additional 344,758 shares during the period. Invesco Ltd. raised its position in First Trust Senior Floating Rate Income Fund II by 36.6% in the 2nd quarter. Invesco Ltd. now owns 512,105 shares of the investment management company’s stock valued at $5,203,000 after buying an additional 137,308 shares during the last quarter. RFG Advisory LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 192.3% in the 3rd quarter. RFG Advisory LLC now owns 98,558 shares of the investment management company’s stock valued at $986,000 after acquiring an additional 64,841 shares in the last quarter. CX Institutional acquired a new position in First Trust Senior Floating Rate Income Fund II during the 3rd quarter worth approximately $604,000. Finally, Ameriprise Financial Inc. boosted its position in First Trust Senior Floating Rate Income Fund II by 27.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 188,001 shares of the investment management company’s stock worth $1,910,000 after acquiring an additional 40,907 shares during the last quarter.

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

NYSE FCT opened at $9.94 on Thursday. The firm’s 50 day moving average is $9.97 and its 200-day moving average is $9.90. 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 Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be issued a $0.097 dividend. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Monday, February 2nd.

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.