Shufro Rose & Co. LLC reduced its position in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 6.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,700 shares of the investment management company’s stock after selling 1,400 shares during the quarter. Shufro Rose & Co. LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II during the 4th quarter worth approximately $168,000. Integrated Capital Management Inc. acquired a new position in First Trust Senior Floating Rate Income Fund II in the 4th quarter valued at $119,000. Stifel Financial Corp increased its stake in First Trust Senior Floating Rate Income Fund II by 27.7% in the 4th quarter. Stifel Financial Corp now owns 148,454 shares of the investment management company’s stock valued at $1,725,000 after buying an additional 32,231 shares during the period. Oppenheimer & Co. Inc. increased its stake in First Trust Senior Floating Rate Income Fund II by 103.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 57,870 shares of the investment management company’s stock valued at $672,000 after buying an additional 29,368 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV acquired a new position in First Trust Senior Floating Rate Income Fund II in the 4th quarter valued at $231,000.

Shares of NYSE FCT opened at $12.27 on Tuesday. First Trust Senior Floating Rate Income Fund II has a one year low of $10.06 and a one year high of $12.50. The company’s fifty day moving average is $12.23 and its two-hundred day moving average is $11.68.

The company also recently announced a monthly dividend, which will be paid on Monday, May 17th. Shareholders of record on Tuesday, May 4th will be issued a $0.098 dividend. The ex-dividend date is Monday, May 3rd. This represents a $1.18 dividend on an annualized basis and a yield of 9.58%.

First Trust Senior Floating Rate Income Fund II 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.

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Institutional Ownership by Quarter for First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

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