Shufro Rose & Co. LLC Invests $521,000 in Apollo Senior Floating Rate Fund Inc (AFT) Stock

Shufro Rose & Co. LLC bought a new position in Apollo Senior Floating Rate Fund Inc (NYSE:AFT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,100 shares of the closed-end fund’s stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. bought a new position in shares of Apollo Senior Floating Rate Fund during the fourth quarter valued at approximately $26,000. Liberty Wealth Management LLC bought a new position in shares of Apollo Senior Floating Rate Fund during the fourth quarter valued at approximately $27,000. Citigroup Inc. raised its holdings in shares of Apollo Senior Floating Rate Fund by 100.0% during the fourth quarter. Citigroup Inc. now owns 2,000 shares of the closed-end fund’s stock valued at $29,000 after acquiring an additional 1,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Apollo Senior Floating Rate Fund during the fourth quarter valued at approximately $151,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Apollo Senior Floating Rate Fund during the first quarter valued at approximately $174,000.

Shares of Apollo Senior Floating Rate Fund stock traded up $0.08 during midday trading on Friday, reaching $15.10. 7,947 shares of the company’s stock traded hands, compared to its average volume of 67,784. Apollo Senior Floating Rate Fund Inc has a 12 month low of $13.92 and a 12 month high of $16.79.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.95%.

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Apollo Senior Floating Rate Fund Profile

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.

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

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