Nations Financial Group Inc. IA ADV Acquires Shares of 20,466 First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Nations Financial Group Inc. IA ADV bought a new stake in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,466 shares of the investment management company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SeaCrest Wealth Management LLC grew its position in shares of First Trust Senior Floating Rate Income Fund II by 11.1% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,483 shares of the investment management company’s stock valued at $160,000 after acquiring an additional 1,542 shares during the period. Sanctuary Advisors LLC bought a new position in First Trust Senior Floating Rate Income Fund II in the 2nd quarter worth approximately $523,000. Strategic Financial Concepts LLC boosted its holdings in First Trust Senior Floating Rate Income Fund II by 1,095.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 265,472 shares of the investment management company’s stock worth $26,000 after buying an additional 243,272 shares during the period. Shaker Financial Services LLC boosted its holdings in First Trust Senior Floating Rate Income Fund II by 9.8% in the 2nd quarter. Shaker Financial Services LLC now owns 65,165 shares of the investment management company’s stock worth $657,000 after buying an additional 5,822 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in First Trust Senior Floating Rate Income Fund II in the 2nd quarter worth approximately $79,000.

First Trust Senior Floating Rate Income Fund II Stock Down 0.1 %

FCT opened at $10.32 on Friday. The company has a 50 day moving average of $10.33 and a 200 day moving average of $10.30. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.64 and a 12 month high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.097 dividend. This represents a $1.16 annualized dividend and a yield of 11.28%. The ex-dividend date of this dividend is Friday, November 1st.

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.