First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.42 and traded as high as $12.72. First Trust Senior Fltng Rate Incm Fd II shares last traded at $12.67, with a volume of 52,636 shares changing hands.

The business has a 50-day simple moving average of $12.44 and a 200-day simple moving average of $12.07.

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th will be given a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend is Monday, February 3rd.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Saba Capital Management L.P. raised its position in First Trust Senior Fltng Rate Incm Fd II by 17.1% in the third quarter. Saba Capital Management L.P. now owns 2,279,549 shares of the investment management company’s stock valued at $27,355,000 after purchasing an additional 332,939 shares during the period. FNY Investment Advisers LLC purchased a new stake in First Trust Senior Fltng Rate Incm Fd II in the third quarter valued at approximately $44,000. Park Avenue Securities LLC raised its position in First Trust Senior Fltng Rate Incm Fd II by 15.5% in the third quarter. Park Avenue Securities LLC now owns 26,292 shares of the investment management company’s stock valued at $316,000 after purchasing an additional 3,523 shares during the period. Invesco Ltd. raised its position in First Trust Senior Fltng Rate Incm Fd II by 14.6% in the second quarter. Invesco Ltd. now owns 450,485 shares of the investment management company’s stock valued at $5,428,000 after purchasing an additional 57,437 shares during the period. Finally, Doliver Advisors LP raised its position in First Trust Senior Fltng Rate Incm Fd II by 10.9% in the third quarter. Doliver Advisors LP now owns 11,283 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 1,111 shares during the period.

First Trust Senior Fltng Rate Incm Fd II Company Profile (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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