First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Stock Price Passes Below Two Hundred Day Moving Average of $10.28

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.28 and traded as low as $10.25. First Trust Senior Floating Rate Income Fund II shares last traded at $10.31, with a volume of 304,779 shares.

First Trust Senior Floating Rate Income Fund II Stock Up 0.4 %

The firm’s fifty day simple moving average is $10.29 and its 200 day simple moving average is $10.28.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.097 per share. This represents a $1.16 annualized dividend and a yield of 11.29%. The ex-dividend date is Tuesday, October 1st.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

Several hedge funds and other institutional investors have recently modified their holdings of FCT. Oppenheimer & Co. Inc. lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 11.0% in the first quarter. Oppenheimer & Co. Inc. now owns 17,600 shares of the investment management company’s stock worth $182,000 after purchasing an additional 1,746 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II during the first quarter worth $130,000. Nomura Holdings Inc. purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II during the fourth quarter worth $168,000. Strategic Financial Concepts LLC boosted its position in First Trust Senior Floating Rate Income Fund II by 1,095.8% during the second quarter. Strategic Financial Concepts LLC now owns 265,472 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 243,272 shares during the last quarter. Finally, Simplicity Wealth LLC purchased a new position in First Trust Senior Floating Rate Income Fund II in the second quarter valued at about $180,000.

About First Trust Senior Floating Rate Income Fund 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.