First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its stake in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 148.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,252 shares of the investment management company’s stock after buying an additional 23,474 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $396,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II in the first quarter valued at about $201,000. B. Riley Wealth Advisors Inc. grew its stake in First Trust Senior Floating Rate Income Fund II by 40.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 39,157 shares of the investment management company’s stock valued at $392,000 after purchasing an additional 11,202 shares in the last quarter. Advisors Asset Management Inc. grew its stake in First Trust Senior Floating Rate Income Fund II by 12.6% during the 1st quarter. Advisors Asset Management Inc. now owns 296,725 shares of the investment management company’s stock valued at $3,071,000 after purchasing an additional 33,230 shares in the last quarter. City of London Investment Management Co. Ltd. grew its stake in First Trust Senior Floating Rate Income Fund II by 10.1% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 407,784 shares of the investment management company’s stock valued at $4,221,000 after purchasing an additional 37,262 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of First Trust Senior Floating Rate Income Fund II by 11.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 17,600 shares of the investment management company’s stock worth $182,000 after acquiring an additional 1,746 shares in the last quarter.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of FCT traded up $0.14 during mid-day trading on Wednesday, hitting $10.10. The stock had a trading volume of 195,983 shares, compared to its average volume of 136,603. The company’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $10.21. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $9.51 and a fifty-two week high of $10.59.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.097 dividend. This represents a $1.16 annualized dividend and a dividend yield of 11.52%. The ex-dividend date is Thursday, August 1st.

First Trust Senior Floating Rate Income Fund II 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.