Cetera Investment Advisers has decreased its shareholding in the First Trust Senior Floating Rate Income Fund II (NYSE: FCT) by 10.0% during the first quarter of 2023. According to the company’s latest Form 13F filing with the Securities and Exchange Commission, Cetera now holds 44,370 shares after selling 4,922 shares in that period. The value of its holdings in the fund was approximately $450,000 as of the filing date.
Other institutional investors have also made adjustments to their positions in the fund. SeaCrest Wealth Management LLC increased its stake by 6.6%, now owning 18,280 shares valued at $185,000 following the acquisition of an additional 1,128 shares. Meanwhile, Invesco Ltd. raised its stake by 0.7% in the fourth quarter, bringing its total to 380,667 shares worth $3,940,000 after acquiring an additional 2,560 shares.
In a notable increase, NBC Securities Inc. raised its stake by an astounding 140,400.0% in the first quarter, owning 2,810 shares valued at $28,000 after acquiring an extra 2,808 shares. Additionally, Envestnet Asset Management Inc. increased its holdings by 10.6%, now managing 30,238 shares worth $313,000 after purchasing 2,898 shares in the previous quarter. Finally, Cullen Frost Bankers Inc. boosted its stake by 30.0%, acquiring 3,000 shares to reach a total of 13,000 shares valued at $132,000.
First Trust Senior Floating Rate Income Fund II Overview
On Monday, First Trust Senior Floating Rate Income Fund II opened at $10.06. The fund has a 50-day simple moving average of $10.06 and a 200-day simple moving average of $10.04. Over the past year, the fund has experienced a low of $8.61 and a high of $10.93.
The First Trust Senior Floating Rate Income Fund II operates as a closed-ended fixed income mutual fund managed by First Trust Advisors L.P.. The fund primarily invests in the fixed income markets within the United States, focusing on senior secured floating rate corporate loans. Its performance is benchmarked against the S&P/LSTA Leveraged Loan Index.
Investors interested in tracking further developments regarding First Trust Senior Floating Rate Income Fund II can access the latest 13F filings and insider trades through platforms such as HoldingsChannel.com.