First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) by 27.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 37,465 shares of the investment management company’s stock after selling 14,512 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Senior Fltng Rate Incm Fd II were worth $450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 86.9% in the second quarter. Rockefeller Capital Management L.P. now owns 7,280 shares of the investment management company’s stock valued at $88,000 after purchasing an additional 3,385 shares in the last quarter. NEXT Financial Group Inc lifted its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 10.2% in the second quarter. NEXT Financial Group Inc now owns 9,717 shares of the investment management company’s stock valued at $117,000 after purchasing an additional 898 shares in the last quarter. Doliver Advisors LP purchased a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the second quarter valued at $123,000. Walleye Trading Advisors LLC purchased a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the second quarter valued at $124,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 13.3% in the second quarter. Park Avenue Securities LLC now owns 22,769 shares of the investment management company’s stock valued at $274,000 after purchasing an additional 2,667 shares in the last quarter.

FCT opened at $12.04 on Thursday. The stock has a fifty day moving average of $11.95 and a 200-day moving average of $11.95. First Trust Senior Fltng Rate Incm Fd II has a 12-month low of $10.85 and a 12-month high of $12.36.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.083 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.27%.

In other news, insider William A. Housey, Jr. acquired 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $11.63 per share, for a total transaction of $31,401.00. Following the completion of the acquisition, the insider now owns 1,903 shares in the company, valued at $22,131.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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.

Further Reading: How does a security become overbought?

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

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