10,221 Shares in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,221 shares of the company’s stock, valued at approximately $68,000.

Other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth $86,000. Firethorn Wealth Partners LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at about $98,000. Evoke Wealth LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $100,000. Beacon Financial Advisory LLC grew its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 20.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 16,036 shares of the company’s stock worth $106,000 after purchasing an additional 2,776 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at approximately $167,000.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 0.1 %

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock opened at $5.37 on Friday. The company has a 50 day simple moving average of $6.13 and a two-hundred day simple moving average of $6.55. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $4.76 and a 1 year high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.077 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.92 annualized dividend and a yield of 17.22%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 112.64%.

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.