Insider Buying: XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP Acquires 3,000 Shares of Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence bought 3,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average cost of $6.41 per share, with a total value of $19,230.00. Following the completion of the acquisition, the vice president now directly owns 549,806 shares of the company’s stock, valued at approximately $3,524,256.46. The trade was a 0.55 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, December 19th, John Yogi Spence acquired 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The stock was purchased at an average price of $6.50 per share, with a total value of $13,000.00.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $6.41 on Thursday. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $6.29 and a 12 month high of $7.30. The stock has a fifty day simple moving average of $6.59 and a two-hundred day simple moving average of $6.78.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.077 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 14.43%. The ex-dividend date is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 113.79%.

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

A number of institutional investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth $68,000. CreativeOne Wealth LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth about $71,000. Guggenheim Capital LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth about $73,000. Atria Wealth Solutions Inc. bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at about $86,000. Finally, Firethorn Wealth Partners LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at about $98,000.

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.