First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Stock Price Passes Below Two Hundred Day Moving Average of $10.13

First Trust Senior Floating Rate Income Fund II (NYSE:FCTGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.13 and traded as low as $10.13. First Trust Senior Floating Rate Income Fund II shares last traded at $10.16, with a volume of 170,366 shares changing hands.

First Trust Senior Floating Rate Income Fund II Price Performance

The company’s 50-day moving average is $10.33 and its two-hundred day moving average is $10.13.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.097 dividend. The ex-dividend date of this dividend is Monday, July 1st.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

Several hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its position in First Trust Senior Floating Rate Income Fund II by 12.0% in the 3rd quarter. LPL Financial LLC now owns 1,371,779 shares of the investment management company’s stock valued at $13,718,000 after purchasing an additional 146,965 shares during the last quarter. 1607 Capital Partners LLC increased its stake in First Trust Senior Floating Rate Income Fund II by 7.3% during the 4th quarter. 1607 Capital Partners LLC now owns 677,415 shares of the investment management company’s stock valued at $6,835,000 after buying an additional 46,100 shares during the period. Relative Value Partners Group LLC increased its stake in First Trust Senior Floating Rate Income Fund II by 33.5% during the 4th quarter. Relative Value Partners Group LLC now owns 560,545 shares of the investment management company’s stock valued at $5,656,000 after buying an additional 140,539 shares during the period. City of London Investment Management Co. Ltd. increased its stake in First Trust Senior Floating Rate Income Fund II by 10.1% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 407,784 shares of the investment management company’s stock valued at $4,221,000 after buying an additional 37,262 shares during the period. Finally, Jones Road Capital Management L.P. increased its stake in First Trust Senior Floating Rate Income Fund II by 57.5% during the 4th quarter. Jones Road Capital Management L.P. now owns 370,054 shares of the investment management company’s stock valued at $3,734,000 after buying an additional 135,054 shares during the period.

About First Trust Senior Floating Rate Income Fund II

(Get Free Report)

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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