First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Insider Sells $41,171.55 in Stock

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) insider James A. Bowen sold 3,955 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $10.41, for a total value of $41,171.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of First Trust Senior Floating Rate Income Fund II stock opened at $10.38 on Wednesday. The firm has a 50-day moving average of $10.35 and a 200-day moving average of $10.29. First Trust Senior Floating Rate Income Fund II has a 52-week low of $9.70 and a 52-week high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.097 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.21%.

Institutional Investors Weigh In On First Trust Senior Floating Rate Income Fund II

Institutional investors have recently made changes to their positions in the stock. Strategic Financial Concepts LLC lifted its position in First Trust Senior Floating Rate Income Fund II by 1,095.8% during the second quarter. Strategic Financial Concepts LLC now owns 265,472 shares of the investment management company’s stock worth $26,000 after purchasing an additional 243,272 shares during the period. Avior Wealth Management LLC increased its holdings in First Trust Senior Floating Rate Income Fund II by 647.8% in the 3rd quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock valued at $66,000 after buying an additional 5,500 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the 2nd quarter valued at approximately $79,000. Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 11.5% during the 2nd 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 boosted its position in shares of First Trust Senior Floating Rate Income Fund II by 11.1% during the 3rd 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 in the last quarter.

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.