Sovereign Financial Group Inc. purchased a new stake in Apollo Tactical Income Fund Inc. (NYSE:AIF – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,260 shares of the company’s stock, valued at approximately $143,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clough Capital Partners L P acquired a new stake in Apollo Tactical Income Fund during the 3rd quarter worth $210,000. Nottingham Advisors Inc. lifted its stake in 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. Redmont Wealth Advisors LLC purchased a new position in shares of Apollo Tactical Income Fund during the fourth quarter worth approximately $219,000. Ausdal Financial Partners Inc. purchased a new stake in Apollo Tactical Income Fund in the 4th quarter valued at $226,000. Finally, Capital Market Strategies LLC acquired a new stake in Apollo Tactical Income Fund during the 4th quarter worth $322,000.
Apollo Tactical Income Fund Price Performance
Shares of NYSE:AIF traded up $0.08 on Wednesday, reaching $14.39. The company’s stock had a trading volume of 87,722 shares, compared to its average volume of 134,609. Apollo Tactical Income Fund Inc. has a 52-week low of $11.95 and a 52-week high of $15.45. The stock’s 50-day moving average is $14.50 and its two-hundred day moving average is $14.03.
Apollo Tactical Income Fund Increases Dividend
Insiders Place Their Bets
In related news, Director Barry J. Cohen sold 7,882 shares of Apollo Tactical Income Fund stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $15.10, for a total transaction of $119,018.20. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $90,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Apollo Tactical Income Fund Profile
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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