First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lifted its position in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,867 shares of the investment management company’s stock after purchasing an additional 11,677 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in First Trust Senior Floating Rate Income Fund II were worth $3,818,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FCT. Shaker Financial Services LLC grew its stake in shares of First Trust Senior Floating Rate Income Fund II by 152.1% in the 4th quarter. Shaker Financial Services LLC now owns 144,453 shares of the investment management company’s stock valued at $1,495,000 after purchasing an additional 87,153 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of First Trust Senior Floating Rate Income Fund II by 14.4% during the 4th quarter. Guggenheim Capital LLC now owns 660,702 shares of the investment management company’s stock worth $6,838,000 after acquiring an additional 83,093 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in First Trust Senior Floating Rate Income Fund II by 15.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 55,485 shares of the investment management company’s stock worth $574,000 after purchasing an additional 7,378 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Senior Floating Rate Income Fund II in the 4th quarter valued at about $397,000. Finally, Invesco Ltd. increased its holdings in First Trust Senior Floating Rate Income Fund II by 0.7% during the 4th quarter. Invesco Ltd. now owns 380,667 shares of the investment management company’s stock valued at $3,940,000 after acquiring an additional 2,560 shares in the last quarter.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of First Trust Senior Floating Rate Income Fund II stock opened at $9.82 on Monday. First Trust Senior Floating Rate Income Fund II has a 1 year low of $8.61 and a 1 year high of $10.93. The business has a 50 day moving average price of $10.03 and a 200 day moving average price of $10.24.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.097 dividend. This represents a $1.16 annualized dividend and a yield of 11.85%. The ex-dividend date of this dividend is Thursday, May 1st.

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.