Walkner Condon Financial Advisors LLC Makes New Investment in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Walkner Condon Financial Advisors LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 32,360 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors also recently modified their holdings of XFLT. Private Advisor Group LLC grew its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 84,443 shares of the company’s stock worth $576,000 after buying an additional 2,493 shares during the period. Consolidated Portfolio Review Corp grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 109.9% during the third quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock valued at $1,725,000 after purchasing an additional 132,481 shares during the period. Modera Wealth Management LLC grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 8.7% during the third quarter. Modera Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $184,000 after purchasing an additional 2,150 shares during the period. J.W. Cole Advisors Inc. grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 85.2% during the third quarter. J.W. Cole Advisors Inc. now owns 157,853 shares of the company’s stock valued at $1,077,000 after purchasing an additional 72,612 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 10.2% during the third quarter. Chicago Partners Investment Group LLC now owns 216,241 shares of the company’s stock valued at $1,479,000 after purchasing an additional 19,947 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE XFLT opened at $6.51 on Friday. The firm has a 50 day moving average price of $6.61 and a 200 day moving average price of $6.80. XAI Octagon Floating Rate & Alternative Income Trust has a 52-week low of $6.29 and a 52-week high of $7.42.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.077 per share. This represents a $0.92 dividend on an annualized basis and a yield of 14.20%. The ex-dividend date of this dividend is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 113.79%.

About XAI Octagon Floating Rate & Alternative Income Trust

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.