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

GraniteShares Advisors LLC lifted its position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 237,494 shares of the investment management company’s stock after purchasing 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in First Trust Senior Floating Rate Income Fund II in the third quarter worth $7,637,000. Pathstone Holdings LLC grew its position in First Trust Senior Floating Rate Income Fund II by 522.4% in the third quarter. Pathstone Holdings LLC now owns 494,547 shares of the investment management company’s stock worth $5,124,000 after acquiring an additional 415,084 shares in the last quarter. Advisors Asset Management Inc. grew its position in First Trust Senior Floating Rate Income Fund II by 20.4% in the third quarter. Advisors Asset Management Inc. now owns 449,632 shares of the investment management company’s stock worth $4,658,000 after acquiring an additional 76,268 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in First Trust Senior Floating Rate Income Fund II in the third quarter worth $3,636,000. Finally, Strategic Financial Concepts LLC grew its position in First Trust Senior Floating Rate Income Fund II by 1,098.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 334,305 shares of the investment management company’s stock worth $3,460,000 after acquiring an additional 306,405 shares in the last quarter.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of NYSE:FCT opened at $10.38 on Wednesday. First Trust Senior Floating Rate Income Fund II has a 52-week low of $9.76 and a 52-week high of $10.93. The firm has a fifty day moving average of $10.38 and a 200 day moving average of $10.35.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.097 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.16 annualized dividend and a yield of 11.21%.

Insider Buying and Selling

In other First Trust Senior Floating Rate Income Fund II news, insider James A. Bowen sold 3,955 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $10.41, for a total transaction of $41,171.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

First Trust Senior Floating Rate Income Fund 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.