Moors & Cabot Inc. Trims Holdings in Apollo Tactical Income Fund Inc. (NYSE:AIF)

Moors & Cabot Inc. cut its stake in Apollo Tactical Income Fund Inc. (NYSE:AIF – Get Rating) by 56.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,275 shares of the company’s stock after selling 27,750 shares during the quarter. Moors & Cabot Inc.’s holdings in Apollo Tactical Income Fund were worth $258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in Apollo Tactical Income Fund by 9.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 34,800 shares of the company’s stock worth $422,000 after buying an additional 2,947 shares in the last quarter. Stephens Inc. AR purchased a new position in Apollo Tactical Income Fund during the fourth quarter worth about $126,000. FourThought Financial LLC grew its position in Apollo Tactical Income Fund by 18.1% during the third quarter. FourThought Financial LLC now owns 30,903 shares of the company’s stock worth $364,000 after buying an additional 4,735 shares in the last quarter. City of London Investment Management Co. Ltd. purchased a new position in Apollo Tactical Income Fund during the third quarter worth about $844,000. Finally, Congress Park Capital LLC grew its position in Apollo Tactical Income Fund by 35.0% during the fourth quarter. Congress Park Capital LLC now owns 67,500 shares of the company’s stock worth $818,000 after buying an additional 17,500 shares in the last quarter.

Apollo Tactical Income Fund Stock Performance

Apollo Tactical Income Fund stock opened at $12.35 on Monday. The business has a 50-day simple moving average of $12.22 and a 200 day simple moving average of $12.40. Apollo Tactical Income Fund Inc. has a 52 week low of $11.74 and a 52 week high of $13.45.

Apollo Tactical Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.122 per share. This represents a $1.46 annualized dividend and a yield of 11.85%. The ex-dividend date is Monday, May 22nd.

About Apollo Tactical Income Fund

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Apollo Funds offers investment management and fund management services.