Bard Associates Inc. Sells 8,650 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Bard Associates Inc. decreased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 5.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 149,247 shares of the company’s stock after selling 8,650 shares during the period. Bard Associates Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Apollon Wealth Management LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth $167,000. Atria Wealth Solutions Inc. bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth $86,000. Private Advisor Group LLC boosted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 14.8% during the fourth quarter. Private Advisor Group LLC now owns 96,964 shares of the company’s stock worth $644,000 after acquiring an additional 12,521 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 8.4% during the third quarter. Great Valley Advisor Group Inc. now owns 65,395 shares of the company’s stock worth $446,000 after acquiring an additional 5,073 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 6.9% during the fourth quarter. Consolidated Portfolio Review Corp now owns 270,421 shares of the company’s stock worth $1,796,000 after acquiring an additional 17,427 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE:XFLT opened at $6.44 on Tuesday. The firm has a fifty day moving average price of $6.55 and a 200 day moving average price of $6.75. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $6.29 and a fifty-two week high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.077 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.92 annualized dividend and a yield of 14.35%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 113.79%.

XAI Octagon Floating Rate & Alternative Income Trust 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.