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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT – Get 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 8.27%. The ex-dividend date of this dividend is Wednesday, February 1st.

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

First Trust Senior Floating Rate Income Fund II Trading Down 0.2 %

First Trust Senior Floating Rate Income Fund II stock opened at $10.01 on Wednesday. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.46 and a 1-year high of $13.07. The firm has a 50 day simple moving average of $9.80 and a 200 day simple moving average of $9.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FCT. Atria Wealth Solutions Inc. purchased a new position in shares of First Trust Senior Floating Rate Income Fund II during the 1st quarter valued at $140,000. Jaffetilchin Investment Partners LLC purchased a new position in First Trust Senior Floating Rate Income Fund II in the first quarter worth $142,000. Goldman Sachs Group Inc. purchased a new position in First Trust Senior Floating Rate Income Fund II in the first quarter worth $281,000. Envestnet Asset Management Inc. grew its position in First Trust Senior Floating Rate Income Fund II by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 22,939 shares of the investment management company’s stock worth $288,000 after acquiring an additional 2,000 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in First Trust Senior Floating Rate Income Fund II by 15.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 45,696 shares of the investment management company’s stock worth $457,000 after acquiring an additional 6,255 shares in the last quarter.

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.