City of London Investment Management Co. Ltd. Acquires 44,357 Shares of First Trust Senior Fltng Rate Incm Fd II (FCT)

City of London Investment Management Co. Ltd. grew its holdings in First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) by 293.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,482 shares of the investment management company’s stock after purchasing an additional 44,357 shares during the period. City of London Investment Management Co. Ltd.’s holdings in First Trust Senior Fltng Rate Incm Fd II were worth $755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FCT. Gradient Investments LLC acquired a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the second quarter valued at approximately $4,561,000. Edgemoor Investment Advisors Inc. raised its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 56.8% in the third quarter. Edgemoor Investment Advisors Inc. now owns 602,481 shares of the investment management company’s stock valued at $7,663,000 after purchasing an additional 218,245 shares during the last quarter. Peak Capital Management LLC acquired a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the second quarter valued at approximately $1,884,000. Bank of America Corp DE raised its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 5.2% in the second quarter. Bank of America Corp DE now owns 2,756,405 shares of the investment management company’s stock valued at $35,420,000 after purchasing an additional 135,493 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the second quarter valued at approximately $554,000.

NYSE FCT opened at $11.86 on Friday. First Trust Senior Fltng Rate Incm Fd II has a 12-month low of $11.83 and a 12-month high of $13.42.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Tuesday, December 4th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.07%.

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About First Trust Senior Fltng Rate Incm Fd II

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.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT)

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