Wells Fargo & Company MN reduced its position in Apollo Tactical Income (NYSE:AIF) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 836,019 shares of the company’s stock after selling 52,923 shares during the period. Wells Fargo & Company MN owned about 5.78% of Apollo Tactical Income worth $13,168,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp bought a new stake in shares of Apollo Tactical Income during the 3rd quarter valued at $165,000. SG Americas Securities LLC lifted its stake in shares of Apollo Tactical Income by 375.3% during the 4th quarter. SG Americas Securities LLC now owns 32,356 shares of the company’s stock valued at $510,000 after buying an additional 25,548 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its stake in shares of Apollo Tactical Income by 666.3% during the 3rd quarter. Shaker Financial Services LLC now owns 173,808 shares of the company’s stock valued at $2,817,000 after buying an additional 151,126 shares in the last quarter.
AIF stock traded down $0.05 during mid-day trading on Friday, hitting $15.80. The company had a trading volume of 49,850 shares, compared to its average volume of 62,042. Apollo Tactical Income has a 12-month low of $15.37 and a 12-month high of $16.71.
The company also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, April 16th. This represents a $1.20 annualized dividend and a yield of 7.59%.
COPYRIGHT VIOLATION NOTICE: “Apollo Tactical Income (AIF) Shares Sold by Wells Fargo & Company MN” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/08/wells-fargo-company-mn-has-13-17-million-holdings-in-apollo-tactical-income-fund-inc-aif.html.
Apollo Tactical Income Company Profile
Apollo Tactical Income Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income with a secondary objective of preservation of capital. The Fund invests approximately 80% of its assets in credit instruments, such as senior loans, subordinated loans, high yield corporate bonds, notes, bills, debentures, distressed securities, mezzanine securities, structured products, bank loans, corporate loans, convertible and preferred securities, government and municipal obligations, mortgage-backed securities, repurchase agreements and other fixed-income instruments, and investments.
Receive News & Ratings for Apollo Tactical Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Tactical Income and related companies with MarketBeat.com's FREE daily email newsletter.