Apollo Senior Floating Rate Fund (NYSE:AFT) Stock Price Passes Above Two Hundred Day Moving Average of $14.10

Apollo Senior Floating Rate Fund Inc. (NYSE:AFTGet Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.10 and traded as high as $15.00. Apollo Senior Floating Rate Fund shares last traded at $14.93, with a volume of 119,697 shares traded.

Apollo Senior Floating Rate Fund Stock Performance

The firm has a 50-day simple moving average of $14.63 and a 200 day simple moving average of $14.12.

Apollo Senior Floating Rate Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be given a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 11.33%. The ex-dividend date is Friday, June 21st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of Apollo Senior Floating Rate Fund by 77.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,588 shares of the closed-end fund’s stock valued at $464,000 after purchasing an additional 14,250 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Apollo Senior Floating Rate Fund in the fourth quarter valued at approximately $141,000. Jones Road Capital Management L.P. boosted its stake in shares of Apollo Senior Floating Rate Fund by 8.1% in the fourth quarter. Jones Road Capital Management L.P. now owns 14,004 shares of the closed-end fund’s stock valued at $186,000 after buying an additional 1,045 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake 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 valued at $186,000 after buying an additional 2,000 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in shares of Apollo Senior Floating Rate Fund in the fourth quarter valued at approximately $36,000.

About Apollo Senior Floating Rate Fund

(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.

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