Bank of America Corp DE Sells 32,893 Shares of First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT)

Bank of America Corp DE lessened its holdings in shares of First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,665,145 shares of the investment management company’s stock after selling 32,893 shares during the quarter. Bank of America Corp DE’s holdings in First Trust Senior Fltng Rate Incm Fd II were worth $29,849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FCT. RMB Capital Management LLC increased its stake in shares of First Trust Senior Fltng Rate Incm Fd II by 537.8% during the fourth quarter. RMB Capital Management LLC now owns 159,224 shares of the investment management company’s stock worth $1,783,000 after buying an additional 134,259 shares during the period. Financial & Investment Management Group Ltd. purchased a new stake in shares of First Trust Senior Fltng Rate Incm Fd II during the fourth quarter worth approximately $296,000. Relative Value Partners Group LLC increased its stake in shares of First Trust Senior Fltng Rate Incm Fd II by 12.4% during the fourth quarter. Relative Value Partners Group LLC now owns 1,457,759 shares of the investment management company’s stock worth $16,327,000 after buying an additional 160,482 shares during the period. Private Advisor Group LLC purchased a new stake in shares of First Trust Senior Fltng Rate Incm Fd II during the third quarter worth approximately $186,000. Finally, Edgemoor Investment Advisors Inc. increased its stake in shares of First Trust Senior Fltng Rate Incm Fd II by 1.5% during the fourth quarter. Edgemoor Investment Advisors Inc. now owns 611,246 shares of the investment management company’s stock worth $6,846,000 after buying an additional 8,765 shares during the period.

First Trust Senior Fltng Rate Incm Fd II stock traded down $0.01 during mid-day trading on Monday, hitting $12.10. The company had a trading volume of 41,700 shares, compared to its average volume of 88,521. First Trust Senior Fltng Rate Incm Fd II has a 1 year low of $10.85 and a 1 year high of $13.42.

The business also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd will be paid a $0.0625 dividend. This is a positive change from First Trust Senior Fltng Rate Incm Fd II’s previous monthly dividend of $0.06. This represents a $0.75 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend is Monday, April 1st.

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First Trust Senior Fltng Rate Incm Fd II Company 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 Fltng Rate Incm Fd II (NYSE:FCT)

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