Apollo Tactical Income Fund Inc (NYSE:AIF) President Joseph A. Moroney acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of $10.77 per share, for a total transaction of $10,770.00.

Shares of NYSE AIF traded up $0.13 during midday trading on Thursday, reaching $10.90. 6,200 shares of the company’s stock traded hands, compared to its average volume of 99,995. Apollo Tactical Income Fund Inc has a one year low of $8.28 and a one year high of $15.89. The stock’s 50 day simple moving average is $13.92 and its 200-day simple moving average is $14.73.

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be paid a $0.097 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.16 annualized dividend and a yield of 10.68%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its stake in Apollo Tactical Income Fund by 0.7% in the fourth quarter. Advisors Asset Management Inc. now owns 755,513 shares of the company’s stock valued at $11,408,000 after acquiring an additional 5,119 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Apollo Tactical Income Fund by 3.5% in the third quarter. Parametric Portfolio Associates LLC now owns 737,377 shares of the company’s stock worth $11,171,000 after purchasing an additional 25,212 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in shares of Apollo Tactical Income Fund by 6.9% in the fourth quarter. Shaker Financial Services LLC now owns 253,344 shares of the company’s stock worth $3,825,000 after acquiring an additional 16,383 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Apollo Tactical Income Fund by 14.9% in the fourth quarter. Guggenheim Capital LLC now owns 116,083 shares of the company’s stock worth $1,753,000 after acquiring an additional 15,078 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Apollo Tactical Income Fund by 4.0% in the third quarter. First Trust Advisors LP now owns 82,067 shares of the company’s stock worth $1,243,000 after acquiring an additional 3,175 shares during the period.

Apollo Tactical Income Fund Company Profile

Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.

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