First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Plans Monthly Dividend of $0.07

First Trust Senior Floating Rate Income Fund II (NYSE:FCTGet Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Investors of record on Thursday, February 2nd will be given a dividend of 0.069 per share by the investment management company on Wednesday, February 15th. This represents a $0.83 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date is Wednesday, February 1st.

First Trust Senior Floating Rate Income Fund II has raised its dividend by an average of 0.0% annually over the last three years.

First Trust Senior Floating Rate Income Fund II Stock Up 1.2 %

NYSE:FCT opened at $10.03 on Wednesday. First Trust Senior Floating Rate Income Fund II has a 52 week low of $9.46 and a 52 week high of $13.07. The firm’s 50-day simple moving average is $9.80 and its 200 day simple moving average is $9.98.

Institutional Investors Weigh In On First Trust Senior Floating Rate Income Fund II

Hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its position in First Trust Senior Floating Rate Income Fund II by 15.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 45,696 shares of the investment management company’s stock worth $457,000 after buying an additional 6,255 shares during the period. Royal Bank of Canada lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 5.3% in the 3rd quarter. Royal Bank of Canada now owns 157,048 shares of the investment management company’s stock worth $1,569,000 after purchasing an additional 7,900 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 23.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 78,790 shares of the investment management company’s stock worth $788,000 after purchasing an additional 15,000 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 38.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,838 shares of the investment management company’s stock worth $318,000 after purchasing an additional 8,899 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 3.3% in the 1st quarter. Bank of America Corp DE now owns 1,334,152 shares of the investment management company’s stock worth $16,770,000 after purchasing an additional 43,244 shares during the period.

First Trust Senior Floating Rate Income Fund II Company Profile

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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.

Further Reading

Dividend History for First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

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