Capital Investment Advisors LLC sells 9,739 shares of Apollo Senior Floating Rate Fund Inc. (NYSE:AFT)

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Capital Investment Advisors LLC reduced its stake in the shares of Apollo Senior Floating Rate Fund Inc. (NYSE: AFTGet a rating) by 15.6% in the 1st quarter, according to its most recent communication to the Securities and Exchange Commission (SEC). The institutional investor held 52,693 shares of the closed-end fund after selling 9,739 shares during the quarter. Capital Investment Advisors LLC’s holdings in Apollo Senior Floating Rate Fund were worth $770,000 when it last filed with the SEC.

Other institutional investors have also increased or reduced their stake in the company. Stonebridge Capital Advisors LLC purchased a new stake in shares of Apollo Senior Floating Rate Fund during the fourth quarter at a value of $64,000. Rockefeller Capital Management LP increased its position in shares of Apollo Senior Floating Rate Fund by 628.6% during the fourth quarter. Rockefeller Capital Management LP now owns 12,750 shares of the closed-end fund valued at $205,000 after buying an additional 11,000 shares in the last quarter. Qube Research & Technologies Ltd purchased a new equity stake in Apollo Senior Floating Rate Fund during the fourth quarter at a value of $265,000. Moors & Cabot Inc. purchased a new stake in shares of Apollo Senior Floating Rate Fund during the third quarter for a value of $4,345,000. Finally, Foresight Wealth Management LLC increased its position in shares of Apollo Senior Floating Rate Fund by 17.4% during the fourth quarter. Foresight Wealth Management LLC now owns 30,422 shares of the closed-end fund valued at $490,000 after purchasing an additional 4,500 shares in the last quarter.

Separately, Stifel Nicolaus upgraded the Apollo Senior Floating Rate Fund from a “hold” rating to a “buy” rating in a Tuesday, May 31 research report.

Shares of NYSE: AFT opened at $12.85 on Friday. The stock’s 50-day simple moving average is $13.53 and its two-hundred-day simple moving average is $14.93. Apollo Senior Floating Rate Fund Inc. has a 52 week low of $12.67 and a 52 week high of $17.20.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 22 will receive a dividend of $0.085. The ex-dividend date is Tuesday, June 21. This represents an annualized dividend of $1.02 and a yield of 7.94%.

About Apollo Senior Floating Rate Fund (Get a rating)

Apollo Senior Floating Rate Fund Inc is a closed-end, fixed-income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income securities markets. It invests primarily in senior secured loans to companies whose debt is rated below investment grade. The Fund uses a conservative credit selection approach that focuses on collateral coverage, structural seniority and credit fundamentals, with an emphasis on defensible market positions, stable companies with positive cash flows and proven management teams.

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Institutional Ownership by Quarter for Apollo Senior Floating Rate Fund (NYSE:AFT)



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