Apollo Tactical Income Fund Inc. (NYSE:AIF) Position Decreased by Raymond James & Associates

Raymond James & Associates lowered its holdings in Apollo Tactical Income Fund Inc. (NYSE:AIF) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,219 shares of the company’s stock after selling 2,088 shares during the period. Raymond James & Associates’ holdings in Apollo Tactical Income Fund were worth $687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC bought a new stake in Apollo Tactical Income Fund during the third quarter worth approximately $35,000. Advisor Partners II LLC acquired a new stake in shares of Apollo Tactical Income Fund during the 3rd quarter valued at $3,961,000. Nottingham Advisors Inc. boosted its stake in shares of Apollo Tactical Income Fund by 19.4% during the 3rd quarter. Nottingham Advisors Inc. now owns 15,708 shares of the company’s stock worth $210,000 after acquiring an additional 2,549 shares in the last quarter. Clough Capital Partners L P bought a new stake in shares of Apollo Tactical Income Fund during the 3rd quarter worth $210,000. Finally, Capital Market Strategies LLC acquired a new stake in shares of Apollo Tactical Income Fund during the fourth quarter worth $322,000.

Insider Activity

In other news, Director Barry J. Cohen sold 7,882 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $15.10, for a total value of $119,018.20. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at $90,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Apollo Tactical Income Fund Stock Down 1.1 %

Shares of NYSE AIF opened at $14.12 on Thursday. The business has a fifty day simple moving average of $14.62 and a 200-day simple moving average of $13.93. Apollo Tactical Income Fund Inc. has a 12 month low of $11.95 and a 12 month high of $15.45.

Apollo Tactical Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a $0.144 dividend. This represents a $1.73 annualized dividend and a dividend yield of 12.24%. This is a boost from Apollo Tactical Income Fund’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, April 22nd.

About Apollo Tactical Income Fund

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.