Private Advisor Group LLC Sells 91,894 Shares of XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Private Advisor Group LLC lessened its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 79.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,251 shares of the company’s stock after selling 91,894 shares during the quarter. Private Advisor Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $399,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 112.4% during the fourth quarter. Sit Investment Associates Inc. now owns 5,467,565 shares of the company’s stock valued at $26,244,000 after purchasing an additional 2,893,917 shares during the period. Eagle Point Credit Management LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth approximately $10,033,000. North Ground Capital bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth approximately $7,116,000. Pathstone Holdings LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter worth approximately $6,286,000. Finally, Matisse Capital raised its stake in XAI Octagon Floating Rate & Alternative Income Trust by 250.4% during the 4th quarter. Matisse Capital now owns 920,000 shares of the company’s stock valued at $4,416,000 after buying an additional 657,473 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

NYSE XFLT opened at $17.12 on Friday. The business’s fifty day moving average price is $18.09 and its 200-day moving average price is $18.96. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $14.92 and a 1-year high of $28.50.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a yield of 15.8%. The ex-dividend date is Wednesday, July 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 545.98%.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.