First Trust Senior Floating Rate Income Fund II $FCT Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 236,902 shares of the investment management company’s stock after acquiring an additional 14,587 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FCT. Elequin Capital LP acquired a new position in First Trust Senior Floating Rate Income Fund II during the first quarter worth about $64,000. Accredited Investor Services LLC acquired a new position in First Trust Senior Floating Rate Income Fund II during the second quarter worth about $103,000. Cullen Frost Bankers Inc. raised its position in First Trust Senior Floating Rate Income Fund II by 30.0% during the first quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the investment management company’s stock worth $132,000 after acquiring an additional 3,000 shares during the last quarter. Verity Asset Management Inc. acquired a new position in First Trust Senior Floating Rate Income Fund II during the first quarter worth about $152,000. Finally, Sunpointe LLC acquired a new position in First Trust Senior Floating Rate Income Fund II during the second quarter worth about $180,000.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of FCT opened at $9.67 on Friday. The company has a 50-day moving average of $9.96 and a two-hundred day moving average of $9.96. First Trust Senior Floating Rate Income Fund II has a 12-month low of $8.61 and a 12-month high of $10.59.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be given a $0.097 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Monday, November 3rd.

First Trust Senior Floating Rate Income Fund 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.