National Asset Management Inc. Has $518,000 Stock Holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

National Asset Management Inc. raised its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 124.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,256 shares of the investment management company’s stock after purchasing an additional 26,236 shares during the quarter. National Asset Management Inc.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $518,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the second quarter worth $33,000. Cambridge Investment Research Advisors Inc. acquired a new position in First Trust Senior Floating Rate Income Fund II in the second quarter valued at about $283,000. CNH Partners LLC raised its stake in First Trust Senior Floating Rate Income Fund II by 51.9% in the second quarter. CNH Partners LLC now owns 29,260 shares of the investment management company’s stock valued at $319,000 after purchasing an additional 9,996 shares in the last quarter. Wells Fargo & Company MN raised its stake in First Trust Senior Floating Rate Income Fund II by 16.5% in the first quarter. Wells Fargo & Company MN now owns 33,725 shares of the investment management company’s stock valued at $321,000 after purchasing an additional 4,778 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in First Trust Senior Floating Rate Income Fund II by 14.0% in the first quarter. Royal Bank of Canada now owns 38,869 shares of the investment management company’s stock valued at $370,000 after purchasing an additional 4,772 shares in the last quarter.

FCT stock opened at $11.22 on Friday. The business has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $10.90. First Trust Senior Floating Rate Income Fund II has a 52 week low of $6.80 and a 52 week high of $12.79.

The business also recently declared a monthly dividend, which was paid on Monday, November 16th. Investors of record on Tuesday, November 3rd were paid a $0.105 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date was Monday, November 2nd.

About First Trust Senior Floating Rate Income Fund II

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 Floating Rate Income Fund II (NYSE:FCT)

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