XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence Acquires 3,000 Shares of Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $6.41 per share, for a total transaction of $19,230.00. Following the completion of the purchase, the vice president now owns 549,806 shares of the company’s stock, valued at $3,524,256.46. This trade represents a 0.55 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John Yogi Spence also recently made the following trade(s):

• On Thursday, December 19th, John Yogi Spence acquired 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The stock was purchased at an average price of $6.50 per share, for a total transaction of $13,000.00.

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

Shares of XFLT stock opened at $6.41 on Thursday. The business’s 50 day moving average price is $6.59 and its 200-day moving average price is $6.78. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $6.29 and a fifty-two week high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.077 per share. This represents a $0.92 annualized dividend and a dividend yield of 14.43%. The ex-dividend date is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 113.79%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Triumph Capital Management boosted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 2.4% during the 4th quarter. Triumph Capital Management now owns 82,862 shares of the company’s stock valued at $550,000 after buying an additional 1,907 shares in the last quarter. Modera Wealth Management LLC grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 8.7% in the third quarter. Modera Wealth Management LLC now owns 27,000 shares of the company’s stock worth $184,000 after purchasing an additional 2,150 shares during the period. Private Advisor Group LLC grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 3.0% in the third quarter. Private Advisor Group LLC now owns 84,443 shares of the company’s stock worth $576,000 after purchasing an additional 2,493 shares during the period. Beacon Financial Advisory LLC increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 20.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 16,036 shares of the company’s stock valued at $106,000 after purchasing an additional 2,776 shares in the last quarter. Finally, CFO4Life Group LLC boosted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 8.4% in the 4th quarter. CFO4Life Group LLC now owns 38,800 shares of the company’s stock worth $258,000 after purchasing an additional 3,000 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Company 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.