GraniteShares Advisors LLC Buys 4,034 Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

GraniteShares Advisors LLC raised its holdings in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,494 shares of the investment management company’s stock after acquiring an additional 4,034 shares during the quarter. GraniteShares Advisors LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avior Wealth Management LLC raised its holdings in First Trust Senior Floating Rate Income Fund II by 22.1% during the 4th quarter. Avior Wealth Management LLC now owns 7,749 shares of the investment management company’s stock valued at $80,000 after acquiring an additional 1,400 shares during the period. SeaCrest Wealth Management LLC raised its holdings in First Trust Senior Floating Rate Income Fund II by 10.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 17,152 shares of the investment management company’s stock valued at $178,000 after acquiring an additional 1,669 shares during the period. Concurrent Investment Advisors LLC raised its holdings in First Trust Senior Floating Rate Income Fund II by 27.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 14,250 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 3,100 shares during the period. TFG Advisers LLC raised its holdings in First Trust Senior Floating Rate Income Fund II by 1.6% during the 4th quarter. TFG Advisers LLC now owns 215,204 shares of the investment management company’s stock valued at $2,227,000 after acquiring an additional 3,445 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in First Trust Senior Floating Rate Income Fund II by 14.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 31,800 shares of the investment management company’s stock valued at $329,000 after acquiring an additional 3,900 shares during the period.

Insider Transactions at First Trust Senior Floating Rate Income Fund II

In other news, insider James A. Bowen sold 3,955 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $10.41, for a total value of $41,171.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of FCT stock opened at $10.38 on Wednesday. The company’s fifty day simple moving average is $10.38 and its two-hundred day simple 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 declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.097 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.16 annualized dividend and a dividend yield of 11.21%.

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.