Mid Atlantic Financial Management Inc. ADV Purchases 7,900 Shares of Apollo Tactical Income Fund Inc (NYSE:AIF)

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Mid Atlantic Financial Management Inc. ADV grew its position in shares of Apollo Tactical Income Fund Inc (NYSE:AIF) by 75.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,400 shares of the company’s stock after acquiring an additional 7,900 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Apollo Tactical Income Fund were worth $271,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AIF. Shaker Financial Services LLC grew its holdings in shares of Apollo Tactical Income Fund by 25.6% during the first quarter. Shaker Financial Services LLC now owns 279,887 shares of the company’s stock valued at $4,112,000 after buying an additional 57,025 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Apollo Tactical Income Fund by 16.7% during the second quarter. Capital Investment Advisors LLC now owns 43,400 shares of the company’s stock valued at $640,000 after buying an additional 6,200 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Apollo Tactical Income Fund by 3.8% during the first quarter. First Trust Advisors LP now owns 78,704 shares of the company’s stock valued at $1,156,000 after buying an additional 2,904 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Apollo Tactical Income Fund by 35.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 17,503 shares of the company’s stock valued at $257,000 after buying an additional 4,540 shares during the last quarter.

A number of equities research analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Apollo Tactical Income Fund from $33.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, August 9th. CIBC reiterated a “sell” rating and set a $26.00 price target on shares of Apollo Tactical Income Fund in a report on Monday, July 29th.

Shares of Apollo Tactical Income Fund stock opened at $14.76 on Wednesday. The company’s 50 day moving average is $14.80 and its 200 day moving average is $14.76. Apollo Tactical Income Fund Inc has a twelve month low of $12.95 and a twelve month high of $15.91.

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.20 dividend on an annualized basis and a yield of 8.13%.

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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Institutional Ownership by Quarter for Apollo Tactical Income Fund (NYSE:AIF)

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