Private Advisor Group LLC Sells 91,894 Shares of XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Private Advisor Group LLC lessened its holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 79.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 23,251 shares of the company’s stock after selling 91,894 shares during the period. Private Advisor Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in XFLT. Shaker Financial Services LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth approximately $881,000. Choreo LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth $210,000. TrueMark Investments LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at $385,000. Closed End Fund Advisors Inc. bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at $1,118,000. Finally, Sit Investment Associates Inc. increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 112.4% in the 4th quarter. Sit Investment Associates Inc. now owns 5,467,565 shares of the company’s stock worth $26,244,000 after purchasing an additional 2,893,917 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 1.7%

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock opened at $17.12 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $14.92 and a one year high of $28.50. The stock’s fifty day moving average is $18.09 and its 200 day moving average is $18.96.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.225 per share. This represents a c) annualized dividend and a yield of 15.8%. The ex-dividend date of this dividend is Wednesday, July 15th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is currently 545.98%.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.