First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Stock Passes Below 200-Day Moving Average of $10.17

Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.17 and traded as low as $10.13. First Trust Senior Floating Rate Income Fund II shares last traded at $10.32, with a volume of 889,528 shares traded.

First Trust Senior Floating Rate Income Fund II Stock Performance

The company’s 50 day simple moving average is $10.27 and its two-hundred day simple moving average is $10.17.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a dividend of $0.097 per share. The ex-dividend date was Monday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 11.28%.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

Several hedge funds have recently made changes to their positions in the business. 1607 Capital Partners LLC lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 7.3% during the fourth quarter. 1607 Capital Partners LLC now owns 677,415 shares of the investment management company’s stock worth $6,835,000 after purchasing an additional 46,100 shares in the last quarter. Relative Value Partners Group LLC lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 33.5% during the fourth quarter. Relative Value Partners Group LLC now owns 560,545 shares of the investment management company’s stock worth $5,656,000 after purchasing an additional 140,539 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 10.1% during the first quarter. City of London Investment Management Co. Ltd. now owns 407,784 shares of the investment management company’s stock worth $4,221,000 after purchasing an additional 37,262 shares in the last quarter. Jones Road Capital Management L.P. lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 57.5% during the fourth quarter. Jones Road Capital Management L.P. now owns 370,054 shares of the investment management company’s stock worth $3,734,000 after purchasing an additional 135,054 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 12.6% during the first quarter. Advisors Asset Management Inc. now owns 296,725 shares of the investment management company’s stock worth $3,071,000 after purchasing an additional 33,230 shares in the last quarter.

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.