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:FCT – Get Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Shareholders 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 annualized dividend and a yield of 8.26%. The ex-dividend date of this dividend is Wednesday, February 1st.

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

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE:FCT opened at $10.03 on Wednesday. The firm has a fifty day moving average of $9.80 and a two-hundred day moving average of $9.98. First Trust Senior Floating Rate Income Fund II has a 12-month low of $9.46 and a 12-month high of $13.07.

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

Institutional investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. bought a new position in First Trust Senior Floating Rate Income Fund II in the 1st quarter worth $140,000. Jaffetilchin Investment Partners LLC bought a new position in First Trust Senior Floating Rate Income Fund II in the 1st quarter worth $142,000. Goldman Sachs Group Inc. bought a new position in First Trust Senior Floating Rate Income Fund II in the 1st quarter worth $281,000. Envestnet Asset Management Inc. raised its holdings in First Trust Senior Floating Rate Income Fund II by 9.6% in the 1st 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 during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in First Trust Senior Floating Rate Income Fund II by 15.9% in the 3rd 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 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.