First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT)’s share price reached 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Tuesday, December 4th will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date of this dividend is Monday, December 3rd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of First Trust Senior Fltng Rate Incm Fd II by 5.2% in the second quarter. Bank of America Corp DE now owns 2,756,405 shares of the investment management company’s stock worth $35,420,000 after buying an additional 135,493 shares in the last quarter. Edgemoor Investment Advisors Inc. lifted its position in shares of First Trust Senior Fltng Rate Incm Fd II by 56.8% in the third quarter. Edgemoor Investment Advisors Inc. now owns 602,481 shares of the investment management company’s stock worth $7,663,000 after buying an additional 218,245 shares in the last quarter. Gradient Investments LLC purchased a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the second quarter worth about $4,561,000. First Foundation Advisors lifted its position in shares of First Trust Senior Fltng Rate Incm Fd II by 1.8% in the third quarter. First Foundation Advisors now owns 296,387 shares of the investment management company’s stock worth $3,770,000 after buying an additional 5,300 shares in the last quarter. Finally, Peak Capital Management LLC purchased a new stake in shares of First Trust Senior Fltng Rate Incm Fd II in the second quarter worth about $1,884,000.

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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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