Sit Investment Associates Inc. Acquires 2,893,917 Shares of XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Sit Investment Associates Inc. grew its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 112.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,467,565 shares of the company’s stock after purchasing an additional 2,893,917 shares during the quarter. Sit Investment Associates Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $26,244,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter worth about $34,000. Global Retirement Partners LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at about $40,000. Blue Bell Private Wealth Management LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $41,000. Amplius Wealth Advisors LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $54,000. Finally, Highland Financial Advisors LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth about $56,000.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.5%

XFLT opened at $17.23 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $14.92 and a twelve month high of $28.60. The company’s 50-day moving average price is $18.32 and its two-hundred day moving average price is $19.73.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.225 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date of this dividend is Monday, June 15th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio 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.