XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Insider Acquires $13,000.00 in Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) insider John Yogi Spence bought 2,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $6.50 per share, with a total value of $13,000.00. Following the completion of the acquisition, the insider now owns 546,806 shares of the company’s stock, valued at $3,554,239. This represents a 0.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

XFLT opened at $6.62 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $6.29 and a 1-year high of $7.76. The stock’s 50 day simple moving average is $6.86 and its 200 day simple moving average is $6.93.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.077 dividend. This represents a $0.92 annualized dividend and a yield of 13.96%. The ex-dividend date is Monday, December 16th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 116.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Great Valley Advisor Group Inc. grew its stake in XAI Octagon Floating Rate & Alternative Income Trust by 8.4% in 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 last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 10.2% in the third quarter. Chicago Partners Investment Group LLC now owns 216,241 shares of the company’s stock valued at $1,479,000 after purchasing an additional 19,947 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 85.2% in the third quarter. J.W. Cole Advisors Inc. now owns 157,853 shares of the company’s stock valued at $1,077,000 after purchasing an additional 72,612 shares during the last quarter. Modera Wealth Management LLC increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 8.7% during the 3rd quarter. Modera Wealth Management LLC now owns 27,000 shares of the company’s stock worth $184,000 after purchasing an additional 2,150 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 109.9% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock worth $1,725,000 after purchasing an additional 132,481 shares during the last quarter.

About XAI Octagon Floating Rate & Alternative Income Trust

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.