SeaCrest Wealth Management LLC Increases Stake in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

SeaCrest Wealth Management LLC lifted its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 10.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,152 shares of the investment management company’s stock after buying an additional 1,669 shares during the period. SeaCrest Wealth Management LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $178,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FCT. Avior Wealth Management LLC increased its position in First Trust Senior Floating Rate Income Fund II by 647.8% during the third quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock worth $66,000 after buying an additional 5,500 shares during the period. Nations Financial Group Inc. IA ADV acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the third quarter valued at approximately $212,000. Sanctuary Advisors LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the second quarter valued at approximately $523,000. Kovitz Investment Group Partners LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the third quarter valued at approximately $3,636,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of First Trust Senior Floating Rate Income Fund II by 20.4% in the third quarter. Advisors Asset Management Inc. now owns 449,632 shares of the investment management company’s stock valued at $4,658,000 after buying an additional 76,268 shares in the last quarter.

First Trust Senior Floating Rate Income Fund II Stock Performance

First Trust Senior Floating Rate Income Fund II stock opened at $10.32 on Friday. The stock’s 50 day moving average price is $10.36 and its 200 day moving average price is $10.31. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.74 and a 1-year high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were given a $0.097 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.16 annualized dividend and a dividend yield of 11.28%.

Insider Buying and Selling

In other news, insider James A. Bowen sold 3,955 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $10.41, for a total value of $41,171.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

First Trust Senior Floating Rate Income Fund II 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.