Cwm LLC Invests $186,000 in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Cwm LLC bought a new position in shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,439 shares of the investment management company’s stock, valued at approximately $186,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 112.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 167,800 shares of the investment management company’s stock valued at $1,678,000 after buying an additional 88,999 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of First Trust Senior Floating Rate Income Fund II by 42.9% during the third quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the investment management company’s stock worth $100,000 after purchasing an additional 3,000 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the third quarter worth about $28,000. Virtus ETF Advisers LLC lifted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 84.4% in the 3rd quarter. Virtus ETF Advisers LLC now owns 68,101 shares of the investment management company’s stock valued at $681,000 after purchasing an additional 31,161 shares during the last quarter. Finally, Westchester Capital Management LLC boosted its position in shares of First Trust Senior Floating Rate Income Fund II by 83.4% in the 3rd quarter. Westchester Capital Management LLC now owns 43,269 shares of the investment management company’s stock valued at $433,000 after purchasing an additional 19,676 shares during the period.

First Trust Senior Floating Rate Income Fund II Stock Performance

NYSE:FCT opened at $10.29 on Friday. First Trust Senior Floating Rate Income Fund II has a 52-week low of $9.45 and a 52-week high of $10.42. The stock’s 50 day moving average price is $10.23 and its 200 day moving average price is $10.00.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, May 2nd will be issued a $0.097 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.31%.

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.