Relative Value Partners Group LLC Sells 11,509 Shares of First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT)

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Relative Value Partners Group LLC lessened its holdings in First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) by 0.8% during the 1st quarter, HoldingsChannel reports. The firm owned 1,446,250 shares of the investment management company’s stock after selling 11,509 shares during the quarter. First Trust Senior Fltng Rate Incm Fd II comprises 1.8% of Relative Value Partners Group LLC’s investment portfolio, making the stock its 19th biggest holding. Relative Value Partners Group LLC’s holdings in First Trust Senior Fltng Rate Incm Fd II were worth $17,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in FCT. RMB Capital Management LLC lifted its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 537.8% in the fourth quarter. RMB Capital Management LLC now owns 159,224 shares of the investment management company’s stock valued at $1,783,000 after purchasing an additional 134,259 shares in the last quarter. Shaker Financial Services LLC boosted its stake in First Trust Senior Fltng Rate Incm Fd II by 176.4% during the 1st quarter. Shaker Financial Services LLC now owns 168,305 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 107,404 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in First Trust Senior Fltng Rate Incm Fd II by 29.4% during the 1st quarter. Sit Investment Associates Inc. now owns 443,088 shares of the investment management company’s stock valued at $5,237,000 after acquiring an additional 100,652 shares during the last quarter. PenderFund Capital Management Ltd. bought a new position in First Trust Senior Fltng Rate Incm Fd II during the 1st quarter valued at $1,615,000. Finally, Edgemoor Investment Advisors Inc. boosted its stake in First Trust Senior Fltng Rate Incm Fd II by 16.3% during the 1st quarter. Edgemoor Investment Advisors Inc. now owns 711,099 shares of the investment management company’s stock valued at $8,405,000 after acquiring an additional 99,853 shares during the last quarter.

Shares of First Trust Senior Fltng Rate Incm Fd II stock remained flat at $$12.02 during trading hours on Friday. 2,803 shares of the stock were exchanged, compared to its average volume of 83,767. First Trust Senior Fltng Rate Incm Fd II has a one year low of $10.85 and a one year high of $12.97.

The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th will be given a $0.0625 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.24%.

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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: P/E Growth (PEG)

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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