Klingman Associates buys $1,841,591 stake in First Trust Senior Fltng Rate Incm Fd II (FCT)

First Trust Senior Fltng Rate Incm Fd II (FCT) : Klingman Associates scooped up 3,400 additional shares in First Trust Senior Fltng Rate Incm Fd II during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 143,762 shares of First Trust Senior Fltng Rate Incm Fd II which is valued at $1,841,591.First Trust Senior Fltng Rate Incm Fd II makes up approximately 0.64% of Klingman Associates’s portfolio.

Other Hedge Funds, Including , Donald L. Hagan added FCT to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $7,614. First Trust Senior Fltng Rate Incm Fd II makes up approx 0.01% of Donald L. Hagan’s portfolio.Gradient Investments reduced its stake in FCT by selling 2,063 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 233,542 shares of FCT which is valued at $2,963,648. First Trust Senior Fltng Rate Incm Fd II makes up approx 0.36% of Gradient Investments’s portfolio. Creative Planning sold out all of its stake in FCT during the most recent quarter. The investment firm sold 2,150 shares of FCT which is valued $27,090.

First Trust Senior Floating Rate Income Fund II is a United States-based diversified closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. As a secondary objective the Fund attempts to preserve capital. The Fund will pursue these objectives through investment in a portfolio of senior secured floating rate corporate loans. It is anticipated that at least 80% of the Fund’s managed assets will be invested in lower grade debt instruments. The Fund invests in a range of sectors including food products pharmaceuticals specialty retail insurance chemicals diversified telecommunication services professional services diversified consumer services diversified financial services auto components information technology services consumer finance capital and machinery. The Fund’s investment advisor is First Trust Advisors L.P. which offers customized portfolio management.

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