Virtus ETF Advisers LLC bought a new stake in First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 195,749 shares of the investment management company’s stock, valued at approximately $2,359,000.

Several other institutional investors also recently modified their holdings of FCT. Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 86.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 7,280 shares of the investment management company’s stock valued at $88,000 after buying an additional 3,385 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 10.2% in the 2nd quarter. NEXT Financial Group Inc now owns 9,717 shares of the investment management company’s stock valued at $117,000 after buying an additional 898 shares in the last quarter. Doliver Advisors LP acquired a new position in shares of First Trust Senior Fltng Rate Incm Fd II in the 2nd quarter valued at $123,000. Park Avenue Securities LLC raised its position in First Trust Senior Fltng Rate Incm Fd II by 13.3% in the 2nd quarter. Park Avenue Securities LLC now owns 22,769 shares of the investment management company’s stock valued at $274,000 after purchasing an additional 2,667 shares during the last quarter. Finally, 6 Meridian purchased a new stake in First Trust Senior Fltng Rate Incm Fd II in the 2nd quarter valued at $518,000.

In other First Trust Senior Fltng Rate Incm Fd II news, insider William A. Housey, Jr. purchased 2,700 shares of First Trust Senior Fltng Rate Incm Fd II stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $11.63 per share, for a total transaction of $31,401.00. Following the transaction, the insider now directly owns 1,903 shares in the company, valued at $22,131.89. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

FCT stock traded up $0.04 on Friday, hitting $11.87. The company’s stock had a trading volume of 1,527 shares, compared to its average volume of 80,273. The firm has a 50 day moving average of $11.83 and a two-hundred day moving average of $11.98. First Trust Senior Fltng Rate Incm Fd II has a 1 year low of $10.85 and a 1 year high of $12.73.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Wednesday, September 4th will be given a $0.073 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.88 annualized dividend and a yield of 7.38%.

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.

See Also: Balanced Fund

Want to see what other hedge funds are holding FCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT).

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

Receive News & Ratings for First Trust Senior Fltng Rate Incm Fd II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Senior Fltng Rate Incm Fd II and related companies with MarketBeat.com's FREE daily email newsletter.