Shares of First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) hit a new 52-week low on Thursday . The company traded as low as $11.72 and last traded at $11.79, with a volume of 4495 shares traded. The stock had previously closed at $11.90.

The company also recently declared a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Tuesday, December 4th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Monday, December 3rd.

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of First Trust Senior Fltng Rate Incm Fd II during the 2nd quarter worth approximately $185,000. Private Advisor Group LLC bought a new stake in shares of First Trust Senior Fltng Rate Incm Fd II during the 3rd quarter worth approximately $186,000. BlackRock Inc. bought a new stake in shares of First Trust Senior Fltng Rate Incm Fd II during the 2nd quarter worth approximately $212,000. Shufro Rose & Co. LLC lifted its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 19.5% during the 3rd quarter. Shufro Rose & Co. LLC now owns 27,600 shares of the investment management company’s stock worth $351,000 after acquiring an additional 4,500 shares during the period. Finally, Whitener Capital Management Inc. lifted its holdings in shares of First Trust Senior Fltng Rate Incm Fd II by 19.1% during the 2nd quarter. Whitener Capital Management Inc. now owns 35,250 shares of the investment management company’s stock worth $452,000 after acquiring an additional 5,660 shares during the period.

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About First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT)

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.

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