XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence Buys 5,000 Shares

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

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 1.4%

NYSE:XFLT traded down $0.06 during mid-day trading on Friday, reaching $3.84. The stock had a trading volume of 394,754 shares, compared to its average volume of 552,807. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $3.81 and a fifty-two week high of $6.45. The business’s 50 day moving average is $4.50 and its 200 day moving average is $4.92.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 18.8%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is currently 104.60%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Allworth Financial LP increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 1,689.2% during the 2nd quarter. Allworth Financial LP now owns 5,296 shares of the company’s stock worth $30,000 after purchasing an additional 5,000 shares during the period. Bank of America Corp DE bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the second quarter valued at about $34,000. Global Retirement Partners LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at approximately $40,000. Blue Bell Private Wealth Management LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter worth approximately $53,000.

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.