XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP Acquires $12,760.00 in Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence acquired 2,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $6.38 per share, with a total value of $12,760.00. Following the completion of the acquisition, the vice president now directly owns 551,806 shares of the company’s stock, valued at approximately $3,520,522.28. This represents a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, February 19th, John Yogi Spence purchased 3,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The shares were purchased at an average cost of $6.41 per share, with a total value of $19,230.00.
• On Thursday, December 19th, John Yogi Spence bought 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The stock was acquired 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 0.2 %

XAI Octagon Floating Rate & Alternative Income Trust stock traded down $0.02 during mid-day trading on Friday, hitting $6.39. The company’s stock had a trading volume of 474,825 shares, compared to its average volume of 673,892. The stock’s fifty day moving average price is $6.58 and its two-hundred day moving average price is $6.78. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $6.29 and a twelve month high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.077 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.47%. The ex-dividend date of this dividend is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 113.79%.

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Orion Portfolio Solutions LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $68,000. CreativeOne Wealth LLC acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at about $71,000. Guggenheim Capital LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at approximately $73,000. Atria Wealth Solutions Inc. acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth approximately $86,000. Finally, Firethorn Wealth Partners LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at approximately $98,000.

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.