Thomas J. Herzfeld Advisors Inc. Invests $6.88 Million in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Thomas J. Herzfeld Advisors Inc. acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,036,151 shares of the company’s stock, valued at approximately $6,880,000. XAI Octagon Floating Rate & Alternative Income Trust makes up 2.2% of Thomas J. Herzfeld Advisors Inc.’s portfolio, making the stock its 10th biggest position.

Other large investors have also made changes to their positions in the company. Choreo LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth about $1,004,000. J.W. Cole Advisors Inc. boosted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 30.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 205,326 shares of the company’s stock worth $1,363,000 after acquiring an additional 47,473 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at approximately $244,000. Raymond James Financial Inc. acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth approximately $226,000. Finally, Walkner Condon Financial Advisors LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth approximately $215,000.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of NYSE XFLT opened at $5.92 on Tuesday. The firm has a fifty day moving average of $6.34 and a 200-day moving average of $6.64. XAI Octagon Floating Rate & Alternative Income Trust has a 52-week low of $5.89 and a 52-week high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.077 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.92 dividend on an annualized basis and a yield of 15.62%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 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.