Evoke Wealth LLC Makes New $100,000 Investment in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Evoke Wealth LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 15,089 shares of the company’s stock, valued at approximately $100,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp grew its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 6.9% during the 4th quarter. Consolidated Portfolio Review Corp now owns 270,421 shares of the company’s stock valued at $1,796,000 after acquiring an additional 17,427 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 30.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 205,326 shares of the company’s stock valued at $1,363,000 after acquiring an additional 47,473 shares during the period. Choreo LLC acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at about $1,004,000. Private Advisor Group LLC grew its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 14.8% during the 4th quarter. Private Advisor Group LLC now owns 96,964 shares of the company’s stock valued at $644,000 after acquiring an additional 12,521 shares during the period. Finally, Great Valley Advisor Group Inc. grew its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 8.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 65,395 shares of the company’s stock valued at $446,000 after acquiring an additional 5,073 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

NYSE:XFLT opened at $6.01 on Thursday. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $5.92 and a 52 week high of $7.30. The stock’s 50-day moving average price is $6.44 and its 200-day moving average price is $6.70.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.077 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 15.39%. The ex-dividend date of this dividend is Monday, March 17th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 112.64%.

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.