First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Insider Sells $41,171.55 in Stock

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) insider James A. Bowen sold 3,955 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $10.41, for a total value of $41,171.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of First Trust Senior Floating Rate Income Fund II stock opened at $10.27 on Friday. The firm has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $10.29. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.70 and a 1-year high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.097 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

Hedge funds have recently modified their holdings of the stock. Strategic Financial Concepts LLC grew its stake in First Trust Senior Floating Rate Income Fund II by 1,095.8% in the second quarter. Strategic Financial Concepts LLC now owns 265,472 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 243,272 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 647.8% during the third quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock worth $66,000 after acquiring an additional 5,500 shares during the period. Wolverine Asset Management LLC acquired a new position in First Trust Senior Floating Rate Income Fund II in the 2nd quarter valued at $79,000. Concurrent Investment Advisors LLC grew its stake in shares of First Trust Senior Floating Rate Income Fund II by 11.5% in the second quarter. Concurrent Investment Advisors LLC now owns 11,150 shares of the investment management company’s stock valued at $112,000 after acquiring an additional 1,150 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of First Trust Senior Floating Rate Income Fund II by 11.1% in 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 in the last quarter.

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.