First Trust Senior Floating Rate Income Fund II (FCT) To Go Ex-Dividend on January 2nd

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Thursday, December 18th. Shareholders of record on Friday, January 2nd will be paid a dividend of 0.097 per share by the investment management company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Friday, January 2nd.

First Trust Senior Floating Rate Income Fund II Price Performance

FCT traded down $0.01 during midday trading on Wednesday, hitting $10.04. 129,841 shares of the company’s stock traded hands, compared to its average volume of 126,902. The stock’s fifty day simple moving average is $9.71 and its 200-day simple moving average is $9.92. First Trust Senior Floating Rate Income Fund II has a one year low of $8.61 and a one year high of $10.49.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

Institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 8.4% during the third quarter. Advisors Asset Management Inc. now owns 719,607 shares of the investment management company’s stock worth $7,196,000 after purchasing an additional 55,646 shares in the last quarter. Penserra Capital Management LLC boosted its position in First Trust Senior Floating Rate Income Fund II by 93.2% in the 3rd quarter. Penserra Capital Management LLC now owns 714,654 shares of the investment management company’s stock valued at $7,146,000 after buying an additional 344,758 shares during the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 2.0% in the 2nd quarter. Bank of America Corp DE now owns 643,395 shares of the investment management company’s stock valued at $6,537,000 after buying an additional 12,835 shares during the period. Invesco Ltd. raised its position in shares of First Trust Senior Floating Rate Income Fund II by 24.0% during the third quarter. Invesco Ltd. now owns 634,778 shares of the investment management company’s stock worth $6,348,000 after acquiring an additional 122,673 shares during the last quarter. Finally, GraniteShares Advisors LLC raised its position in shares of First Trust Senior Floating Rate Income Fund II by 9.7% during the third quarter. GraniteShares Advisors LLC now owns 295,710 shares of the investment management company’s stock worth $2,957,000 after acquiring an additional 26,044 shares during the last quarter.

About First Trust Senior Floating Rate Income Fund II

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) is a diversified, closed-end management investment company that seeks to provide current income with preservation of capital. Listed on the New York Stock Exchange, the fund pursues its objective by investing primarily in senior floating rate loans and other floating rate debt instruments of U.S. and non-U.S. companies. As a closed-end vehicle, FCT issues a fixed number of common shares and may utilize leverage to enhance returns for shareholders.

Under normal market conditions, FCT allocates at least 80% of its managed assets to senior floating rate loans, which are typically secured obligations of corporate borrowers.