D.A. Davidson & CO. Sells 5,355 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

D.A. Davidson & CO. reduced its stake in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,530 shares of the investment management company’s stock after selling 5,355 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FCT. Penserra Capital Management LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the third quarter worth approximately $7,637,000. Pathstone Holdings LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 522.4% in the third quarter. Pathstone Holdings LLC now owns 494,547 shares of the investment management company’s stock valued at $5,124,000 after buying an additional 415,084 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in First Trust Senior Floating Rate Income Fund II in the third quarter valued at approximately $3,636,000. Strategic Financial Concepts LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 1,098.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 334,305 shares of the investment management company’s stock valued at $3,460,000 after buying an additional 306,405 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in 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 during the period.

Insider Activity

In other news, insider James A. Bowen sold 3,955 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $10.41, for a total transaction of $41,171.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of FCT opened at $10.39 on Friday. First Trust Senior Floating Rate Income Fund II has a 52-week low of $9.76 and a 52-week high of $10.93. The business’s 50 day moving average price is $10.38 and its two-hundred day moving average price is $10.34.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.097 dividend. This represents a $1.16 annualized dividend and a yield of 11.21%. The ex-dividend date is Monday, March 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.