Kestra Advisory Services LLC Decreases Holdings in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Kestra Advisory Services LLC trimmed its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 82.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,649 shares of the company’s stock after selling 143,159 shares during the period. Kestra Advisory Services LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in XFLT. Sit Investment Associates Inc. increased its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 112.4% during the fourth quarter. Sit Investment Associates Inc. now owns 5,467,565 shares of the company’s stock worth $26,244,000 after buying an additional 2,893,917 shares during the last quarter. Eagle Point Credit Management LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $10,033,000. North Ground Capital purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $7,116,000. Pathstone Holdings LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter valued at approximately $6,286,000. Finally, Matisse Capital grew its position in shares of 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 acquiring an additional 657,473 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of XFLT stock opened at $18.28 on Tuesday. The company has a 50 day moving average of $17.90 and a 200-day moving average of $18.67. 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 company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.225 per share. This represents a c) annualized dividend and a yield of 14.8%. The ex-dividend date of this dividend is Wednesday, July 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 545.98%.

XAI Octagon Floating Rate & Alternative Income Trust 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.