Raymond James & Associates Reduces Holdings in Apollo Tactical Income Fund Inc. (NYSE:AIF)

Raymond James & Associates lessened its holdings in Apollo Tactical Income Fund Inc. (NYSE:AIF) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other large investors have also modified their holdings of the business. FinTrust Capital Advisors LLC purchased a new stake in Apollo Tactical Income Fund during the 3rd quarter worth about $35,000. Advisor Partners II LLC purchased a new stake in shares of Apollo Tactical Income Fund during the third quarter worth about $3,961,000. Nottingham Advisors Inc. raised its position in shares of Apollo Tactical Income Fund by 19.4% in the third quarter. Nottingham Advisors Inc. now owns 15,708 shares of the company’s stock valued at $210,000 after buying an additional 2,549 shares during the last quarter. Clough Capital Partners L P purchased a new position in shares of Apollo Tactical Income Fund during the third quarter valued at approximately $210,000. Finally, Capital Market Strategies LLC acquired a new stake in Apollo Tactical Income Fund during the fourth quarter worth approximately $322,000.

Insider Buying and Selling

In other Apollo Tactical Income Fund news, Director Barry J. Cohen sold 7,882 shares of Apollo Tactical Income Fund stock in a transaction dated 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 approximately $90,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Apollo Tactical Income Fund Stock Down 1.1 %

AIF stock opened at $14.12 on Thursday. The company has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $13.93. Apollo Tactical Income Fund Inc. has a one year low of $11.95 and a one year high of $15.45.

Apollo Tactical Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be paid a $0.144 dividend. This is a positive change from Apollo Tactical Income Fund’s previous monthly dividend of $0.14. This represents a $1.73 annualized dividend and a yield of 12.24%. The ex-dividend date 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.