First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Share Price Passes Below 200 Day Moving Average of $10.28

First Trust Senior Floating Rate Income Fund II (NYSE:FCT)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

First Trust Senior Floating Rate Income Fund II Stock Performance

The business’s 50-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 announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $0.097 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 11.29%.

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

Several hedge funds have recently modified their holdings of FCT. Jones Financial Companies Lllp bought a new position in First Trust Senior Floating Rate Income Fund II during the fourth quarter valued at about $27,000. Jones Road Capital Management L.P. boosted its position in shares of First Trust Senior Floating Rate Income Fund II by 57.5% during the 4th quarter. Jones Road Capital Management L.P. now owns 370,054 shares of the investment management company’s stock valued at $3,734,000 after purchasing an additional 135,054 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the 4th quarter worth approximately $168,000. CWM LLC raised its holdings in shares of First Trust Senior Floating Rate Income Fund II by 15.0% in the 1st quarter. CWM LLC now owns 21,210 shares of the investment management company’s stock worth $220,000 after purchasing an additional 2,771 shares in the last quarter. Finally, RFG Advisory LLC acquired a new stake in First Trust Senior Floating Rate Income Fund II during the first quarter valued at approximately $130,000.

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.