PenderFund Capital Management Ltd. Acquires Shares of 100,000 First Trust Senior Fltng Rate Incm Fd II (FCT)

PenderFund Capital Management Ltd. acquired a new position in shares of First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 100,000 shares of the investment management company’s stock, valued at approximately $1,615,000.

Other hedge funds have also recently modified their holdings of the company. Advisor Group Inc. grew its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 890.2% during the fourth quarter. Advisor Group Inc. now owns 4,951 shares of the investment management company’s stock worth $56,000 after purchasing an additional 4,451 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 1,190.4% during the third quarter. Rehmann Capital Advisory Group now owns 7,149 shares of the investment management company’s stock worth $562,000 after purchasing an additional 6,595 shares during the last quarter. Round Table Services LLC purchased a new position in shares of First Trust Senior Fltng Rate Incm Fd II during the first quarter worth about $123,000. Two Sigma Securities LLC purchased a new position in shares of First Trust Senior Fltng Rate Incm Fd II during the fourth quarter worth about $161,000. Finally, Park Avenue Securities LLC purchased a new position in shares of First Trust Senior Fltng Rate Incm Fd II during the fourth quarter worth about $217,000.

Shares of FCT stock traded up $0.03 during mid-day trading on Tuesday, hitting $12.08. 1,315 shares of the stock were exchanged, compared to its average volume of 87,180. First Trust Senior Fltng Rate Incm Fd II has a 12-month low of $10.85 and a 12-month high of $13.38.

The business also recently declared a monthly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, April 1st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.21%. This is a positive change from First Trust Senior Fltng Rate Incm Fd II’s previous monthly dividend of $0.06.

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First Trust Senior Fltng Rate Incm Fd 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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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)

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