Private Advisor Group LLC Boosts Stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Private Advisor Group LLC lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,964 shares of the company’s stock after purchasing an additional 12,521 shares during the quarter. Private Advisor Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of XFLT. Apollon Wealth Management LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $167,000. Great Valley Advisor Group Inc. increased its holdings 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 purchasing an additional 5,073 shares during the last quarter. Consolidated Portfolio Review Corp raised its position in XAI Octagon Floating Rate & Alternative Income Trust by 6.9% in the fourth quarter. Consolidated Portfolio Review Corp now owns 270,421 shares of the company’s stock valued at $1,796,000 after purchasing an additional 17,427 shares during the period. J.W. Cole Advisors Inc. lifted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 30.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 205,326 shares of the company’s stock worth $1,363,000 after purchasing an additional 47,473 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth $215,000.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of XFLT opened at $6.39 on Monday. The company’s 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.75. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $6.29 and a 1 year high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

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

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.