Institutional Investors Hate on First Trust Senior Floating Rate Income Fund II Crashed

June 18, 2018 - By Kenneth Lin

Sentiment for First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) institutional sentiment decreased to 0.52 in 2018 Q1. Its down -1.41, from 1.93 in 2017Q4. The ratio turned negative, as 14 investment managers increased and opened new equity positions, while 27 sold and trimmed holdings in First Trust Senior Floating Rate Income Fund II. The investment managers in our partner’s database now own: 6.10 million shares, down from 6.14 million shares in 2017Q4. Also, the number of investment managers holding First Trust Senior Floating Rate Income Fund II in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 13 Increased: 9 New Position: 5.

The stock increased 0.08% or $0.01 during the last trading session, reaching $12.87. About 4,147 shares traded. First Trust Senior Floating Rat (NYSE:FCT) has declined 5.11% since June 18, 2017 and is downtrending. It has underperformed by 17.68% the S&P500.

Accuvest Global Advisors holds 0.57% of its portfolio in First Trust Senior Floating Rat for 58,309 shares. Edgemoor Investment Advisors Inc. owns 198,895 shares or 0.35% of their US portfolio. Moreover, Gradient Investments Llc has 0.28% invested in the company for 388,320 shares. The California-based First Foundation Advisors has invested 0.24% in the stock. Shaker Financial Services Llc, a Virginia-based fund reported 10,822 shares.

Another recent and important First Trust Senior Floating Rat (NYSE:FCT) news was published by Businesswire.com which published an article titled: “First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.06 Per Share for …” on May 21, 2018.

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