Closed End Fund Advisors Inc. Buys Shares of 232,964 XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Closed End Fund Advisors Inc. bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the fourth quarter, HoldingsChannel reports. The fund bought 232,964 shares of the company’s stock, valued at approximately $1,118,000.

A number of other large investors have also recently bought and sold shares of the stock. Pathstone Holdings LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter valued at $6,286,000. Matisse Capital grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 250.4% during the 4th quarter. Matisse Capital now owns 920,000 shares of the company’s stock valued at $4,416,000 after buying an additional 657,473 shares during the last quarter. Cresset Asset Management LLC grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 160.6% during the 3rd quarter. Cresset Asset Management LLC now owns 725,803 shares of the company’s stock valued at $3,898,000 after buying an additional 447,255 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 3.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 451,667 shares of the company’s stock valued at $2,168,000 after buying an additional 16,327 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 5.6% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 298,828 shares of the company’s stock valued at $1,584,000 after buying an additional 15,780 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 1.1%

Shares of NYSE:XFLT opened at $18.09 on Friday. The business’s fifty day moving average price is $18.18 and its two-hundred day moving average price is $20.07. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $14.92 and a one year high of $28.90.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 14.9%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 600.00%.

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.