First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Pass Below 200 Day Moving Average of $9.84

First Trust Senior Floating Rate Income Fund II (NYSE:FCT – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.84 and traded as low as $9.81. First Trust Senior Floating Rate Income Fund II shares last traded at $9.90, with a volume of 33,742 shares trading hands.

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

The stock’s 50 day simple moving average is $10.04 and its 200 day simple moving average is $9.84.

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First Trust Senior Floating Rate Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.097 per share. The ex-dividend date is Monday, October 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 11.76%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. bought a new position in First Trust Senior Floating Rate Income Fund II during the 1st quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the second quarter worth $69,000. HRT Financial LP acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the first quarter worth $108,000. Cetera Investment Advisers acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the fourth quarter worth $110,000. Finally, SFI Advisors LLC acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the first quarter worth $115,000.

First Trust Senior Floating Rate Income Fund II Company Profile

(Get Free Report)

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.

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