Advisors Asset Management Inc. Grows Position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Advisors Asset Management Inc. grew its stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 20.4% in the third quarter, HoldingsChannel.com reports. The firm owned 449,632 shares of the investment management company’s stock after buying an additional 76,268 shares during the quarter. Advisors Asset Management Inc.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $4,658,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 1,095.8% in the second quarter. Strategic Financial Concepts LLC now owns 265,472 shares of the investment management company’s stock worth $26,000 after acquiring an additional 243,272 shares during the period. Avior Wealth Management LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 647.8% in the third quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock worth $66,000 after acquiring an additional 5,500 shares during the period. Wolverine Asset Management LLC purchased a new stake in First Trust Senior Floating Rate Income Fund II in the second quarter worth $79,000. Concurrent Investment Advisors LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 11.5% in the second quarter. Concurrent Investment Advisors LLC now owns 11,150 shares of the investment management company’s stock worth $112,000 after acquiring an additional 1,150 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 11.1% in the third quarter. SeaCrest Wealth Management LLC now owns 15,483 shares of the investment management company’s stock worth $160,000 after acquiring an additional 1,542 shares during the period.

First Trust Senior Floating Rate Income Fund II Stock Up 0.2 %

Shares of FCT stock opened at $10.33 on Friday. The stock has a fifty day moving average of $10.32 and a 200 day moving average of $10.30. First Trust Senior Floating Rate Income Fund II has a 52 week low of $9.64 and a 52 week high of $10.93.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.097 dividend. The ex-dividend date is Monday, December 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.