Apollo Senior Floating Rate Fund (NYSE:AFT) Shares Cross Above Two Hundred Day Moving Average of $14.77

Apollo Senior Floating Rate Fund Inc (NYSE:AFT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.77 and traded as high as $14.82. Apollo Senior Floating Rate Fund shares last traded at $14.76, with a volume of 1,301 shares changing hands.

The company has a 50-day moving average of $14.66 and a 200-day moving average of $14.77.

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 8.12%. The ex-dividend date of this dividend was Thursday, November 14th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFT. Stonebridge Capital Advisors LLC bought a new position in shares of Apollo Senior Floating Rate Fund during the second quarter worth about $90,000. FNY Investment Advisers LLC bought a new stake in Apollo Senior Floating Rate Fund during the third quarter valued at $195,000. First Trust Advisors LP grew its holdings in Apollo Senior Floating Rate Fund by 24.5% during the 1st quarter. First Trust Advisors LP now owns 13,460 shares of the closed-end fund’s stock worth $200,000 after acquiring an additional 2,651 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Apollo Senior Floating Rate Fund by 17.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 13,700 shares of the closed-end fund’s stock worth $205,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV acquired a new position in shares of Apollo Senior Floating Rate Fund in the 2nd quarter valued at about $232,000.

Apollo Senior Floating Rate Fund Company Profile (NYSE:AFT)

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.

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