33,845 Shares in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Purchased by Worth Asset Management LLC

Worth Asset Management LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 33,845 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors also recently modified their holdings of XFLT. Atomi Financial Group Inc. grew its stake in shares of 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 valued at $180,000 after purchasing an additional 4,365 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter valued at $60,000. J.W. Cole Advisors Inc. boosted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 90.5% in the second quarter. J.W. Cole Advisors Inc. now owns 85,241 shares of the company’s stock valued at $601,000 after acquiring an additional 40,488 shares during the last quarter. Sykon Capital LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the second quarter worth about $155,000. Finally, Wedbush Securities Inc. raised its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 6.3% during the 2nd quarter. Wedbush Securities Inc. now owns 50,533 shares of the company’s stock worth $356,000 after purchasing an additional 3,008 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.3 %

Shares of XFLT stock opened at $6.90 on Friday. The firm’s 50 day moving average price is $6.88 and its two-hundred day moving average price is $7.01. XAI Octagon Floating Rate & Alternative Income Trust has a 52-week low of $6.41 and a 52-week high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 14.78%. The ex-dividend date is Tuesday, October 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 117.24%.

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.