First Trust Senior Floating Rate Income Fund II Declares Monthly Dividend of $0.10 (NYSE:FCT)

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Monday, April 20th. Stockholders of record on Friday, May 1st will be paid a dividend of 0.097 per share by the investment management company on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Friday, May 1st.

First Trust Senior Floating Rate Income Fund II Stock Up 0.1%

Shares of First Trust Senior Floating Rate Income Fund II stock opened at $9.80 on Tuesday. The company has a 50 day moving average of $9.74 and a 200-day moving average of $9.79. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.40 and a 1-year high of $10.29.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCT. Penserra Capital Management LLC increased its stake in shares of 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 purchasing an additional 344,758 shares during the last quarter. CX Institutional bought a new stake in shares of First Trust Senior Floating Rate Income Fund II during the 3rd quarter worth $604,000. Advisors Asset Management Inc. boosted its stake in First Trust Senior Floating Rate Income Fund II by 8.4% in the third quarter. Advisors Asset Management Inc. now owns 719,607 shares of the investment management company’s stock valued at $7,196,000 after buying an additional 55,646 shares in the last quarter. RFG Advisory LLC boosted its stake in First Trust Senior Floating Rate Income Fund II by 192.3% in the third quarter. RFG Advisory LLC now owns 98,558 shares of the investment management company’s stock valued at $986,000 after buying an additional 64,841 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in First Trust Senior Floating Rate Income Fund II by 3.2% in the third quarter. D.A. Davidson & CO. now owns 244,589 shares of the investment management company’s stock valued at $2,446,000 after acquiring an additional 7,687 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.