Apollo Tactical Income Fund Inc (NYSE:AIF) President Joseph A. Moroney Acquires 1,000 Shares

Apollo Tactical Income Fund Inc (NYSE:AIF) President Joseph A. Moroney bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of $10.77 per share, with a total value of $10,770.00.

Apollo Tactical Income Fund stock traded up $0.13 during mid-day trading on Thursday, hitting $10.90. The stock had a trading volume of 6,200 shares, compared to its average volume of 99,995. The firm’s 50 day moving average is $13.92 and its 200 day moving average is $14.73. Apollo Tactical Income Fund Inc has a one year low of $8.28 and a one year high of $15.89.

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued a $0.097 dividend. This represents a $1.16 annualized dividend and a yield of 10.68%. The ex-dividend date is Tuesday, March 17th.

A number of institutional investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in Apollo Tactical Income Fund by 3.8% in the 1st quarter. First Trust Advisors LP now owns 78,704 shares of the company’s stock worth $1,156,000 after buying an additional 2,904 shares during the period. Advisor Group Inc. boosted its holdings in Apollo Tactical Income Fund by 59.9% in the 4th quarter. Advisor Group Inc. now owns 8,931 shares of the company’s stock worth $135,000 after buying an additional 3,347 shares during the period. Citigroup Inc. lifted its stake in Apollo Tactical Income Fund by 1,733.2% in the 4th quarter. Citigroup Inc. now owns 4,638 shares of the company’s stock worth $70,000 after purchasing an additional 4,385 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Apollo Tactical Income Fund by 0.7% in the 4th quarter. Advisors Asset Management Inc. now owns 755,513 shares of the company’s stock worth $11,408,000 after purchasing an additional 5,119 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in Apollo Tactical Income Fund by 140.2% in the 4th quarter. FNY Investment Advisers LLC now owns 9,677 shares of the company’s stock worth $146,000 after purchasing an additional 5,648 shares in the last quarter.

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.

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