Freestate Advisors LLC Acquires New Holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Freestate Advisors LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,941 shares of the company’s stock, valued at approximately $75,000.

Several other large investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 10.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 145,608 shares of the company’s stock valued at $1,044,000 after acquiring an additional 13,633 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in XAI Octagon Floating Rate & Alternative Income Trust by 93.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 44,753 shares of the company’s stock worth $317,000 after buying an additional 21,630 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 4.8% in the 1st quarter. Private Advisor Group LLC now owns 74,916 shares of the company’s stock worth $531,000 after buying an additional 3,450 shares during the last quarter. CFO4Life Group LLC lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 38.8% during the 1st quarter. CFO4Life Group LLC now owns 35,800 shares of the company’s stock worth $254,000 after acquiring an additional 10,000 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 4.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 68,860 shares of the company’s stock worth $484,000 after acquiring an additional 2,644 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XFLT opened at $6.89 on Friday. The business’s fifty day simple moving average is $6.88 and its 200 day simple moving average 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 issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 14.80%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 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.