Kestra Advisory Services LLC Sells 143,159 Shares of XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Kestra Advisory Services LLC reduced its stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 82.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,649 shares of the company’s stock after selling 143,159 shares during the quarter. Kestra Advisory Services LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $509,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XFLT. Bank of America Corp DE bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter worth $34,000. Global Retirement Partners LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at about $40,000. Blue Bell Private Wealth Management LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at about $41,000. Highland Financial Advisors LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $56,000. Finally, Accredited Investor Services LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $58,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 4.0%

Shares of XFLT stock opened at $18.28 on Tuesday. XAI Octagon Floating Rate & Alternative Income Trust has a 52-week low of $14.92 and a 52-week high of $28.50. The company has a 50-day simple moving average of $17.90 and a two-hundred day simple moving average of $18.67.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 14.8%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend 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.