First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Cross 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 traded.

First Trust Senior Floating Rate Income Fund II Stock Performance

The stock has a 50 day simple moving average of $10.29 and a two-hundred day simple moving average of $10.28.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a $0.097 dividend. This represents a $1.16 annualized dividend and a dividend yield of 11.31%. The ex-dividend date of this dividend is Tuesday, October 1st.

Hedge Funds Weigh In On First Trust Senior Floating Rate Income Fund II

Several large investors have recently modified their holdings of FCT. Jones Financial Companies Lllp purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 4th quarter valued at $27,000. Wolverine Asset Management LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 2nd quarter valued at $79,000. Concurrent Investment Advisors LLC raised its holdings in shares of First Trust Senior Floating Rate Income Fund II by 11.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 11,150 shares of the investment management company’s stock valued at $112,000 after buying an additional 1,150 shares during the period. RFG Advisory LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 1st quarter valued at $130,000. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of First Trust Senior Floating Rate Income Fund II by 29.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 13,805 shares of the investment management company’s stock valued at $143,000 after buying an additional 3,130 shares during the period.

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.