James A. Bowen Sells 3,955 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) 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 dated Monday, December 16th. The shares were sold at an average price of $10.41, for a total transaction of $41,171.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

First Trust Senior Floating Rate Income Fund II Trading Down 1.0 %

Shares of FCT stock opened at $10.28 on Thursday. The business’s 50 day moving average price is $10.35 and its 200-day moving average price is $10.29. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $9.70 and a fifty-two week high of $10.93.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.097 dividend. This represents a $1.16 annualized dividend and a dividend yield of 11.32%. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Concurrent Investment Advisors LLC increased its position in 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 valued at $112,000 after purchasing an additional 1,150 shares during the period. SeaCrest Wealth Management LLC increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 11.1% during the third quarter. SeaCrest Wealth Management LLC now owns 15,483 shares of the investment management company’s stock worth $160,000 after purchasing an additional 1,542 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of First Trust Senior Floating Rate Income Fund II by 647.8% during the 3rd quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock worth $66,000 after purchasing an additional 5,500 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of First Trust Senior Floating Rate Income Fund II by 9.8% during the second quarter. Shaker Financial Services LLC now owns 65,165 shares of the investment management company’s stock worth $657,000 after purchasing an additional 5,822 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in First Trust Senior Floating Rate Income Fund II during the second quarter worth about $79,000.

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.