First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Sold by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. cut its holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651,136 shares of the investment management company’s stock after selling 52,516 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $6,739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC raised its stake in First Trust Senior Floating Rate Income Fund II by 647.8% in the third quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock valued at $66,000 after buying an additional 5,500 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in First Trust Senior Floating Rate Income Fund II by 27.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 14,250 shares of the investment management company’s stock valued at $147,000 after buying an additional 3,100 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new stake in First Trust Senior Floating Rate Income Fund II in the fourth quarter valued at $171,000. SeaCrest Wealth Management LLC grew its holdings in shares of First Trust Senior Floating Rate Income Fund II by 10.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 17,152 shares of the investment management company’s stock worth $178,000 after purchasing an additional 1,669 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new position in shares of First Trust Senior Floating Rate Income Fund II during the fourth quarter worth about $268,000.

First Trust Senior Floating Rate Income Fund II Stock Up 0.5 %

Shares of FCT stock opened at $10.19 on Monday. The stock’s 50-day moving average is $10.34 and its two-hundred day moving average is $10.35. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.76 and a 1 year high of $10.93.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.097 per share. This represents a $1.16 annualized dividend and a dividend yield of 11.42%. The ex-dividend date is Monday, March 3rd.

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.