First Trust Senior Fltng Rate Incm Fd II (FCT) Shares Bought by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. raised its stake in shares of First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) by 56.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 602,481 shares of the investment management company’s stock after purchasing an additional 218,245 shares during the quarter. Edgemoor Investment Advisors Inc. owned approximately 2.26% of First Trust Senior Fltng Rate Incm Fd II worth $7,663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FCT. Visionary Asset Management Inc. purchased a new position in shares of First Trust Senior Fltng Rate Incm Fd II during the second quarter valued at about $153,000. Bank of Montreal Can purchased a new position in shares of First Trust Senior Fltng Rate Incm Fd II during the 2nd quarter worth approximately $185,000. BlackRock Inc. purchased a new position in shares of First Trust Senior Fltng Rate Incm Fd II during the 2nd quarter worth approximately $212,000. JPMorgan Chase & Co. grew its stake in First Trust Senior Fltng Rate Incm Fd II by 41.1% in the first quarter. JPMorgan Chase & Co. now owns 18,099 shares of the investment management company’s stock worth $239,000 after purchasing an additional 5,272 shares during the period. Finally, Whitener Capital Management Inc. grew its position in shares of First Trust Senior Fltng Rate Incm Fd II by 19.1% in the 2nd quarter. Whitener Capital Management Inc. now owns 35,250 shares of the investment management company’s stock worth $452,000 after buying an additional 5,660 shares during the period.

FCT traded down $0.02 during midday trading on Friday, reaching $12.13. The company’s stock had a trading volume of 3,826 shares, compared to its average volume of 80,995. First Trust Senior Fltng Rate Incm Fd II has a 1 year low of $12.08 and a 1 year high of $13.42.



The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, November 2nd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 5.94%.

First Trust Senior Fltng Rate Incm Fd 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.

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Institutional Ownership by Quarter for First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT)

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