Choreo LLC Makes New Investment in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Choreo LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the 4th quarter, HoldingsChannel reports. The fund bought 151,183 shares of the company’s stock, valued at approximately $1,004,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Consolidated Portfolio Review Corp boosted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 109.9% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock worth $1,725,000 after purchasing an additional 132,481 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 85.2% in the third quarter. J.W. Cole Advisors Inc. now owns 157,853 shares of the company’s stock valued at $1,077,000 after purchasing an additional 72,612 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 10.2% during the third quarter. Chicago Partners Investment Group LLC now owns 216,241 shares of the company’s stock worth $1,479,000 after buying an additional 19,947 shares in the last quarter. Firethorn Wealth Partners LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $98,000. Finally, Great Valley Advisor Group Inc. grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 8.4% during the third quarter. Great Valley Advisor Group Inc. now owns 65,395 shares of the company’s stock worth $446,000 after buying an additional 5,073 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 0.6 %

XFLT stock opened at $6.55 on Monday. The firm has a 50 day moving average of $6.64 and a 200-day moving average of $6.81. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $6.29 and a 12-month high of $7.75.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.077 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.92 annualized dividend and a yield of 14.11%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is presently 113.79%.

XAI Octagon Floating Rate & Alternative Income Trust Profile

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity.

The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.