XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP Buys $19,500.00 in Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence acquired 5,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $3.90 per share, for a total transaction of $19,500.00. Following the transaction, the vice president owned 561,792 shares of the company’s stock, valued at approximately $2,190,988.80. The trade was a 0.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE:XFLT opened at $3.84 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $3.81 and a 1 year high of $6.45. The business has a fifty day moving average price of $4.49 and a two-hundred day moving average price of $4.90.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 18.8%. The ex-dividend date is Tuesday, February 17th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 96.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XFLT. Evoke Wealth LLC raised its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 16.4% in the 4th quarter. Evoke Wealth LLC now owns 17,568 shares of the company’s stock worth $84,000 after purchasing an additional 2,479 shares during the period. EverSource Wealth Advisors LLC grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 21.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 17,000 shares of the company’s stock valued at $82,000 after purchasing an additional 3,000 shares during the period. Samalin Investment Counsel LLC increased its position in XAI Octagon Floating Rate & Alternative Income Trust by 3.3% in the third quarter. Samalin Investment Counsel LLC now owns 109,624 shares of the company’s stock worth $581,000 after buying an additional 3,526 shares during the last quarter. Allworth Financial LP raised its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 1,689.2% in the second quarter. Allworth Financial LP now owns 5,296 shares of the company’s stock valued at $30,000 after buying an additional 5,000 shares during the period. Finally, Private Advisor Group LLC lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 5.2% during the 3rd quarter. Private Advisor Group LLC now owns 113,011 shares of the company’s stock valued at $599,000 after buying an additional 5,582 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

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.