XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Insider John Yogi Spence Acquires 2,000 Shares of Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) insider John Yogi Spence bought 2,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $6.50 per share, with a total value of $13,000.00. Following the transaction, the insider now owns 546,806 shares of the company’s stock, valued at $3,554,239. The trade was a 0.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 1.1 %

XFLT stock opened at $6.62 on Friday. The company’s 50 day simple moving average is $6.86 and its 200-day simple moving average is $6.94. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $6.29 and a 12 month high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.077 per share. This represents a $0.92 dividend on an annualized basis and a yield of 13.96%. The ex-dividend date is Monday, December 16th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 116.09%.

Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the second quarter worth about $60,000. Freestate Advisors LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the third quarter worth approximately $75,000. Sykon Capital LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter worth approximately $155,000. Atomi Financial Group Inc. grew its stake in XAI Octagon Floating Rate & Alternative Income Trust by 22.8% in the 2nd quarter. Atomi Financial Group Inc. now owns 22,062 shares of the company’s stock worth $156,000 after acquiring an additional 4,094 shares during the period. Finally, Naviter Wealth LLC raised its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 23.2% in the 2nd quarter. Naviter Wealth LLC now owns 25,332 shares of the company’s stock valued at $180,000 after acquiring an additional 4,768 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity.

The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.