XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence Purchases 2,000 Shares

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $6.38 per share, with a total value of $12,760.00. Following the transaction, the vice president now owns 551,806 shares in the company, valued at $3,520,522.28. This represents a 0.36 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, February 19th, John Yogi Spence acquired 3,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The shares were bought at an average price of $6.41 per share, with a total value of $19,230.00.
• On Thursday, December 19th, John Yogi Spence acquired 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The shares were bought at an average price of $6.50 per share, with a total value of $13,000.00.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 0.2 %

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $6.39 on Friday. The stock has a 50-day moving average price of $6.58 and a 200 day moving average price of $6.78. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $6.29 and a 52 week high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

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

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

A number of hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC boosted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 51.9% in the 4th quarter. CoreCap Advisors LLC now owns 23,903 shares of the company’s stock worth $159,000 after buying an additional 8,163 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth about $2,102,000. Jane Street Group LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth about $237,000. Triumph Capital Management boosted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 2.4% in the 4th quarter. Triumph Capital Management now owns 82,862 shares of the company’s stock worth $550,000 after buying an additional 1,907 shares during the last quarter. Finally, Virtus ETF Advisers LLC lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 16.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 167,042 shares of the company’s stock valued at $1,109,000 after purchasing an additional 23,167 shares in the last quarter.

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.