Shaker Financial Services LLC Grows Holdings in Apollo Senior Floating Rate Fund Inc (AFT)

Shaker Financial Services LLC boosted its holdings in shares of Apollo Senior Floating Rate Fund Inc (NYSE:AFT) by 150.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 46,922 shares of the closed-end fund’s stock after buying an additional 28,169 shares during the period. Shaker Financial Services LLC’s holdings in Apollo Senior Floating Rate Fund were worth $696,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AFT. Resources Investment Advisors Inc. acquired a new stake in Apollo Senior Floating Rate Fund during the fourth quarter worth approximately $3,610,000. Financial & Investment Management Group Ltd. grew its stake in Apollo Senior Floating Rate Fund by 344.1% during the fourth quarter. Financial & Investment Management Group Ltd. now owns 230,008 shares of the closed-end fund’s stock worth $3,310,000 after purchasing an additional 178,219 shares during the period. Next Capital Management LLC grew its stake in Apollo Senior Floating Rate Fund by 24.4% during the first quarter. Next Capital Management LLC now owns 137,233 shares of the closed-end fund’s stock worth $2,035,000 after purchasing an additional 26,901 shares during the period. Advisor Group Inc. grew its stake in Apollo Senior Floating Rate Fund by 12.0% during the fourth quarter. Advisor Group Inc. now owns 87,676 shares of the closed-end fund’s stock worth $1,262,000 after purchasing an additional 9,382 shares during the period. Finally, RMB Capital Management LLC grew its stake in Apollo Senior Floating Rate Fund by 138.3% during the fourth quarter. RMB Capital Management LLC now owns 81,823 shares of the closed-end fund’s stock worth $1,177,000 after purchasing an additional 47,480 shares during the period.

NYSE AFT traded up $0.03 during trading hours on Thursday, hitting $15.03. 68,667 shares of the company’s stock were exchanged, compared to its average volume of 67,097. Apollo Senior Floating Rate Fund Inc has a 1-year low of $13.92 and a 1-year high of $16.75.

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.20 annualized dividend and a yield of 7.98%.

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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.

Read More: What is the Ex-Dividend Date in Investing?

Want to see what other hedge funds are holding AFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Senior Floating Rate Fund Inc (NYSE:AFT).

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

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