D.A. Davidson & CO. Sells 7,235 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

D.A. Davidson & CO. trimmed its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,885 shares of the investment management company’s stock after selling 7,235 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,423,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FCT. B. Riley Wealth Advisors Inc. grew its stake in First Trust Senior Floating Rate Income Fund II by 40.1% in 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 during the period. Cetera Advisors LLC bought a new stake in First Trust Senior Floating Rate Income Fund II in the first quarter worth about $201,000. Kingswood Wealth Advisors LLC raised its position in First Trust Senior Floating Rate Income Fund II by 148.8% in the second quarter. Kingswood Wealth Advisors LLC now owns 39,252 shares of the investment management company’s stock worth $396,000 after acquiring an additional 23,474 shares during the period. Simplicity Wealth LLC bought a new position in shares of First Trust Senior Floating Rate Income Fund II during the 2nd quarter valued at approximately $180,000. Finally, TFG Advisers LLC increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 10.9% during the 2nd quarter. TFG Advisers LLC now owns 216,234 shares of the investment management company’s stock worth $2,180,000 after purchasing an additional 21,203 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Stock Up 0.3 %

NYSE:FCT opened at $10.44 on Friday. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.64 and a 12 month high of $10.93. The firm’s 50 day moving average is $10.33 and its 200 day moving average is $10.30.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.097 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.15%.

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.