XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Shares Bought by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC raised its position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 20.9% in the 4th quarter, Holdings Channel reports. The fund owned 16,036 shares of the company’s stock after acquiring an additional 2,776 shares during the period. Beacon Financial Advisory LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in XFLT. Atomi Financial Group Inc. raised its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 19.8% during the third quarter. Atomi Financial Group Inc. now owns 26,427 shares of the company’s stock worth $180,000 after purchasing an additional 4,365 shares in the last quarter. Worth Asset Management LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter worth approximately $231,000. Freestate Advisors LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter worth approximately $75,000. Private Advisor Group LLC raised its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 84,443 shares of the company’s stock worth $576,000 after buying an additional 2,493 shares in the last quarter. Finally, Consolidated Portfolio Review Corp lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 109.9% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock valued at $1,725,000 after buying an additional 132,481 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.4 %

Shares of XFLT stock opened at $6.58 on Friday. The business’s fifty day moving average price is $6.66 and its 200 day moving average price is $6.82. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $6.29 and a 1-year high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.077 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.03%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 114.94%.

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.