John Yogi Spence Purchases 3,000 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence bought 3,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price 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 $3,524,256.46. This represents a 0.55 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, December 19th, John Yogi Spence bought 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 $6.40 on Friday. The business has a fifty 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 1-year low of $6.29 and a 1-year high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

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 paid a dividend of $0.077 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.92 dividend on an annualized basis and a yield of 14.45%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 113.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at $6,880,000. Cresset Asset Management LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $2,102,000. Consolidated Portfolio Review Corp lifted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 6.9% during the 4th quarter. Consolidated Portfolio Review Corp now owns 270,421 shares of the company’s stock valued at $1,796,000 after acquiring an additional 17,427 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of 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 valued at $1,479,000 after acquiring an additional 19,947 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 30.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,326 shares of the company’s stock valued at $1,363,000 after acquiring an additional 47,473 shares during the last quarter.

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.