Apollo Senior Floating Rate Fund (NYSE:AFT) Stock Price Passes Above 200 Day Moving Average of $13.51

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.51 and traded as high as $14.21. Apollo Senior Floating Rate Fund shares last traded at $14.21, with a volume of 93,812 shares trading hands.

Apollo Senior Floating Rate Fund Stock Performance

The stock’s fifty day simple moving average is $14.04 and its 200-day simple moving average is $13.51.

Apollo Senior Floating Rate Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.137 per share. This represents a $1.64 annualized dividend and a dividend yield of 11.57%. The ex-dividend date of this dividend is Wednesday, March 20th.

Insider Activity

In other news, Director Barry J. Cohen purchased 8,365 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $14.19 per share, for a total transaction of $118,699.35. Following the purchase, the director now owns 18,365 shares of the company’s stock, valued at $260,599.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Apollo Senior Floating Rate Fund

Several large investors have recently added to or reduced their stakes in AFT. Invesco Ltd. increased its holdings in Apollo Senior Floating Rate Fund by 24.3% during the 1st quarter. Invesco Ltd. now owns 210,511 shares of the closed-end fund’s stock valued at $3,078,000 after purchasing an additional 41,170 shares during the period. Royal Bank of Canada lifted its stake in Apollo Senior Floating Rate Fund by 20.7% during the 1st quarter. Royal Bank of Canada now owns 43,365 shares of the closed-end fund’s stock valued at $635,000 after acquiring an additional 7,423 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Apollo Senior Floating Rate Fund by 6.5% during the first quarter. Advisors Asset Management Inc. now owns 329,625 shares of the closed-end fund’s stock valued at $4,819,000 after purchasing an additional 20,194 shares during the last quarter. Virtu Financial LLC bought a new position in Apollo Senior Floating Rate Fund during the first quarter valued at approximately $169,000. Finally, Walleye Capital LLC purchased a new stake in Apollo Senior Floating Rate Fund during the first quarter valued at $446,000.

About Apollo Senior Floating Rate Fund

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