Avior Wealth Management LLC Buys 5,500 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Avior Wealth Management LLC boosted its stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 647.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,349 shares of the investment management company’s stock after purchasing an additional 5,500 shares during the period. Avior Wealth Management LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $66,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC increased its stake 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 acquiring an additional 243,272 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in First Trust Senior Floating Rate Income Fund II during the second quarter worth approximately $79,000. Concurrent Investment Advisors LLC grew its stake in shares of First Trust Senior Floating Rate Income Fund II by 11.5% during the second quarter. Concurrent Investment Advisors LLC now owns 11,150 shares of the investment management company’s stock valued at $112,000 after buying an additional 1,150 shares during the last quarter. SeaCrest Wealth Management LLC grew 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 valued at $160,000 after buying an additional 1,542 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of First Trust Senior Floating Rate Income Fund II during the second quarter valued at approximately $180,000.

First Trust Senior Floating Rate Income Fund II Stock Up 0.3 %

FCT opened at $10.40 on Monday. The stock’s 50 day moving average price is $10.32 and its 200-day moving average price is $10.30. First Trust Senior Floating Rate Income Fund II has a one year low of $9.64 and a one year high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.097 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.19%.

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.