National Asset Management Inc. Has $518,000 Holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

National Asset Management Inc. raised its holdings in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) by 124.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,256 shares of the investment management company’s stock after buying an additional 26,236 shares during the quarter. National Asset Management Inc.’s holdings in First Trust Senior Floating Rate Income Fund II were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Shaker Financial Services LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 61.7% in the third quarter. Shaker Financial Services LLC now owns 58,665 shares of the investment management company’s stock valued at $644,000 after buying an additional 22,388 shares during the period. Commonwealth Equity Services LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 16.4% in the third quarter. Commonwealth Equity Services LLC now owns 135,393 shares of the investment management company’s stock valued at $1,485,000 after buying an additional 19,090 shares during the period. Park Avenue Securities LLC lifted its stake in First Trust Senior Floating Rate Income Fund II by 16.8% in the third quarter. Park Avenue Securities LLC now owns 60,430 shares of the investment management company’s stock valued at $663,000 after buying an additional 8,705 shares during the period. Envestnet Asset Management Inc. raised its position in shares of First Trust Senior Floating Rate Income Fund II by 16.7% during the third quarter. Envestnet Asset Management Inc. now owns 60,843 shares of the investment management company’s stock worth $667,000 after purchasing an additional 8,717 shares during the period. Finally, Gradient Investments LLC raised its position in shares of First Trust Senior Floating Rate Income Fund II by 0.9% during the third quarter. Gradient Investments LLC now owns 952,446 shares of the investment management company’s stock worth $10,448,000 after purchasing an additional 8,539 shares during the period.

Shares of NYSE:FCT opened at $11.22 on Friday. First Trust Senior Floating Rate Income Fund II has a twelve month low of $6.80 and a twelve month high of $12.79. The stock’s 50 day moving average is $10.85 and its 200-day moving average is $10.90.

The company also recently announced a monthly dividend, which was paid on Monday, November 16th. Stockholders of record on Tuesday, November 3rd were given a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 11.23%. The ex-dividend date was Monday, November 2nd.

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.

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Institutional Ownership by Quarter for First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

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