Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Shares Sold by Wealthcare Advisory Partners LLC

Posted by on Jun 12th, 2023

Wealthcare Advisory Partners LLC reduced its position in shares of Apollo Senior Floating Rate Fund Inc. (NYSE:AFT – Get Rating) by 33.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,400 shares of the closed-end fund’s stock after selling 5,115 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Apollo Senior Floating Rate Fund were worth $128,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AFT. Accel Wealth Management acquired a new stake in shares of Apollo Senior Floating Rate Fund during the 4th quarter worth about $26,000. CoreCap Advisors LLC acquired a new stake in shares of Apollo Senior Floating Rate Fund during the 4th quarter worth about $93,000. Envestnet Asset Management Inc. acquired a new stake in shares of Apollo Senior Floating Rate Fund during the 2nd quarter worth about $129,000. Matisse Capital acquired a new stake in shares of Apollo Senior Floating Rate Fund during the 4th quarter worth about $133,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Apollo Senior Floating Rate Fund in the fourth quarter worth approximately $137,000.

Apollo Senior Floating Rate Fund Price Performance

Shares of AFT traded up $0.09 during mid-day trading on Monday, hitting $12.60. The company had a trading volume of 19,411 shares, compared to its average volume of 59,123. The business’s 50-day simple moving average is $12.53 and its 200-day simple moving average is $12.69. Apollo Senior Floating Rate Fund Inc. has a 1-year low of $12.15 and a 1-year high of $13.91.

Apollo Senior Floating Rate Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 31st. Investors of record on Tuesday, May 23rd were given a $0.118 dividend. The ex-dividend date was Monday, May 22nd. This is a boost from Apollo Senior Floating Rate Fund’s previous monthly dividend of $0.11. This represents a $1.42 annualized dividend and a dividend yield of 11.24%.

Apollo Senior Floating Rate Fund Profile

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Apollo Senior Floating Rate Fund, Inc operates as a closed-end investment management company. It seeks to achieve its investment objective by investing primarily in senior, secured loans made to companies whose debt is rated below investment grade, and investments with similar characteristics. The company was founded in 2011 and is headquartered in New York, NY.

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

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