City of London Investment Management Co. Ltd. Reduces Position in First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT)

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City of London Investment Management Co. Ltd. decreased its holdings in First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) by 39.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 35,782 shares of the investment management company’s stock after selling 23,700 shares during the period. City of London Investment Management Co. Ltd.’s holdings in First Trust Senior Fltng Rate Incm Fd II were worth $423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the first quarter worth $46,000. Advisor Group Inc. increased its stake in shares of First Trust Senior Fltng Rate Incm Fd II by 890.2% in the fourth quarter. Advisor Group Inc. now owns 4,951 shares of the investment management company’s stock worth $56,000 after acquiring an additional 4,451 shares during the period. Round Table Services LLC acquired a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the first quarter worth $123,000. Two Sigma Securities LLC acquired a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the fourth quarter worth $161,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the first quarter worth $189,000.

NYSE:FCT opened at $11.98 on Wednesday. First Trust Senior Fltng Rate Incm Fd II has a 1-year low of $10.85 and a 1-year high of $12.97.

The company also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, June 4th will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.75 annualized dividend and a yield of 6.26%.

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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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