TrueMark Investments LLC Sells 15,611 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

TrueMark Investments LLC lowered its position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,533 shares of the investment management company’s stock after selling 15,611 shares during the quarter. TrueMark Investments LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $771,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FCT. Avior Wealth Management LLC lifted its position in First Trust Senior Floating Rate Income Fund II by 22.1% in the fourth quarter. Avior Wealth Management LLC now owns 7,749 shares of the investment management company’s stock worth $80,000 after purchasing an additional 1,400 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 27.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 14,250 shares of the investment management company’s stock valued at $147,000 after buying an additional 3,100 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the 4th quarter valued at about $171,000. SeaCrest Wealth Management LLC increased its stake in First Trust Senior Floating Rate Income Fund II by 10.8% in the fourth quarter. SeaCrest Wealth Management LLC now owns 17,152 shares of the investment management company’s stock valued at $178,000 after acquiring an additional 1,669 shares during the period. Finally, Independent Advisor Alliance acquired a new position in First Trust Senior Floating Rate Income Fund II in the fourth quarter worth about $268,000.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of FCT opened at $10.26 on Wednesday. The company has a 50-day moving average price of $10.33 and a two-hundred day moving average price of $10.34. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.76 and a 12 month high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.097 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of 11.35%.

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.