Insider Buying: XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP Acquires $12,760.00 in Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence bought 2,000 shares of the firm’s stock in a transaction 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 completion of the purchase, the vice president now owns 551,806 shares in the company, valued at approximately $3,520,522.28. The trade was a 0.36 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

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

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

XFLT opened at $6.39 on Monday. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $6.29 and a 1-year high of $7.30. The firm’s 50 day simple moving average is $6.57 and its two-hundred day simple moving average is $6.77.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The business also recently declared 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 14.47%. The ex-dividend date of this dividend is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 113.79%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Private Advisor Group LLC raised its stake in XAI Octagon Floating Rate & Alternative Income Trust by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 84,443 shares of the company’s stock worth $576,000 after acquiring an additional 2,493 shares during the period. Consolidated Portfolio Review Corp increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 109.9% in the third 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 in the last quarter. Modera Wealth Management LLC raised its position 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 valued at $184,000 after purchasing an additional 2,150 shares during the period. J.W. Cole Advisors Inc. lifted 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 acquiring an additional 72,612 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 10.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 216,241 shares of the company’s stock worth $1,479,000 after purchasing an additional 19,947 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.