Apollo Tactical Income Fund (AIF) Receives Average Rating from Scotiabank

Apollo Tactical Income Fund (NYSE:AIF)‘s stock had its “average” rating reissued by research analysts at Scotiabank in a report released on Friday. They presently have a $34.00 target price on the stock. Scotiabank’s price objective would suggest a potential upside of 123.54% from the stock’s previous close.

Shares of NYSE:AIF opened at $15.21 on Friday. Apollo Tactical Income Fund has a one year low of $14.82 and a one year high of $16.01.

Several large investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of Apollo Tactical Income Fund by 9.8% during the second quarter. Advisors Asset Management Inc. now owns 1,111,527 shares of the company’s stock worth $17,340,000 after acquiring an additional 99,423 shares during the period. Wells Fargo & Company MN increased its position in shares of Apollo Tactical Income Fund by 2.5% during the third quarter. Wells Fargo & Company MN now owns 664,652 shares of the company’s stock worth $10,322,000 after acquiring an additional 15,919 shares during the period. Shaker Financial Services LLC increased its position in shares of Apollo Tactical Income Fund by 4.6% during the second quarter. Shaker Financial Services LLC now owns 170,728 shares of the company’s stock worth $2,663,000 after acquiring an additional 7,511 shares during the period. Bank of America Corp DE increased its holdings in Apollo Tactical Income Fund by 33.1% during the second quarter. Bank of America Corp DE now owns 110,894 shares of the company’s stock valued at $1,730,000 after buying an additional 27,575 shares during the period. Finally, First Trust Advisors LP purchased a new position in Apollo Tactical Income Fund during the third quarter valued at approximately $1,090,000.

About Apollo Tactical Income Fund

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

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