XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Stock: Insider John Yogi Spence Purchases 2,000 Shares

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Spence purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The shares were purchased at an average cost of $17.07 per share, with a total value of $34,140.00. Following the completion of the acquisition, the vice president owned 114,357 shares in the company, valued at $1,952,073.99. The trade was a 1.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

XFLT opened at $16.50 on Friday. The business has a fifty day simple moving average of $18.99 and a 200 day simple moving average of $18.46. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $14.92 and a 1 year high of $25.10.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.2250 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 16.4%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 502.30%.

Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

An institutional investor recently bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust stock. Sculptor Capital LP acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,686 shares of the company’s stock, valued at approximately $269,000.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol XFLT. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing in a portfolio of floating-rate and alternative credit instruments.

The trust primarily invests in collateralized loan obligation (CLO) securities, including CLO debt and equity tranches, as well as senior secured loans and other floating-rate debt securities.