Apollo Senior Floating Rate Fund (NYSE:AFT) Stock Passes Above 200 Day Moving Average of $13.97

Shares of Apollo Senior Floating Rate Fund Inc. (NYSE:AFTGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.97 and traded as high as $14.85. Apollo Senior Floating Rate Fund shares last traded at $14.85, with a volume of 57,994 shares changing hands.

Apollo Senior Floating Rate Fund Stock Performance

The business’s 50 day simple moving average is $14.50 and its 200 day simple moving average is $13.98.

Apollo Senior Floating Rate Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date of this dividend was Wednesday, May 22nd.

Institutional Trading of Apollo Senior Floating Rate Fund

A number of hedge funds have recently bought and sold shares of AFT. Anchor Investment Management LLC purchased a new stake in shares of Apollo Senior Floating Rate Fund in the fourth quarter worth approximately $36,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Apollo Senior Floating Rate Fund by 16.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 14,000 shares of the closed-end fund’s stock worth $186,000 after purchasing an additional 2,000 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Apollo Senior Floating Rate Fund in the third quarter worth approximately $143,000. Advisors Asset Management Inc. lifted its position in shares of Apollo Senior Floating Rate Fund by 43.5% in the third quarter. Advisors Asset Management Inc. now owns 400,919 shares of the closed-end fund’s stock worth $5,388,000 after purchasing an additional 121,603 shares in the last quarter. Finally, Saba Capital Management L.P. lifted its position in shares of Apollo Senior Floating Rate Fund by 8.7% in the third quarter. Saba Capital Management L.P. now owns 253,837 shares of the closed-end fund’s stock worth $3,412,000 after purchasing an additional 20,215 shares in the last quarter.

Apollo Senior Floating Rate Fund Company Profile

(Get Free Report)

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.

Recommended Stories

Receive News & Ratings for Apollo Senior Floating Rate Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Senior Floating Rate Fund and related companies with MarketBeat.com's FREE daily email newsletter.