Apollo Tactical Income Fund (AIF) Given “Average” Rating at Scotiabank

Scotiabank restated their average rating on shares of Apollo Tactical Income Fund (NYSE:AIF) in a research note issued to investors on Friday morning. They currently have a $34.00 price objective on the stock.

Shares of Apollo Tactical Income Fund stock remained flat at $$15.21 on Friday. The stock had a trading volume of 47,060 shares, compared to its average volume of 57,067. Apollo Tactical Income Fund has a fifty-two week low of $14.82 and a fifty-two week high of $15.97.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be issued a $0.107 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date is Thursday, November 15th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIF. Advisors Asset Management Inc. lifted its holdings in Apollo Tactical Income Fund by 9.8% in the second quarter. Advisors Asset Management Inc. now owns 1,111,527 shares of the company’s stock valued at $17,340,000 after acquiring an additional 99,423 shares during the last quarter. First Trust Advisors LP acquired a new position in Apollo Tactical Income Fund in the third quarter valued at approximately $1,090,000. Wells Fargo & Company MN lifted its holdings in Apollo Tactical Income Fund by 5.0% in the second quarter. Wells Fargo & Company MN now owns 648,733 shares of the company’s stock valued at $10,120,000 after acquiring an additional 31,065 shares during the last quarter. Bank of America Corp DE lifted its holdings in Apollo Tactical Income Fund by 33.1% in the second quarter. Bank of America Corp DE now owns 110,894 shares of the company’s stock valued at $1,730,000 after acquiring an additional 27,575 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Apollo Tactical Income Fund by 123.1% in the second quarter. Raymond James & Associates now owns 24,811 shares of the company’s stock valued at $387,000 after acquiring an additional 13,688 shares during the last quarter.

About Apollo Tactical Income Fund

There is no company description available for Apollo Tactical Income Fund Inc.

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