XAI Octagon Floating Rate & Alternative Income Trust $XFLT Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 81.8% in the 1st quarter, HoldingsChannel reports. The fund owned 6,751 shares of the company’s stock after selling 30,258 shares during the period. Royal Bank of Canada’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $116,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the second quarter worth $34,000. Global Retirement Partners LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at $40,000. Blue Bell Private Wealth Management LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at $41,000. Accredited Investor Services LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $58,000. Finally, Sigma Planning Corp purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $61,000.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of NYSE:XFLT opened at $19.20 on Monday. The stock’s 50-day moving average price is $18.33 and its two-hundred day moving average price is $18.06. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $14.92 and a 12-month high of $28.50.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.225 per share. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date is Monday, August 17th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is presently 531.03%.

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.