Consolidated Portfolio Review Corp Purchases 17,427 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Consolidated Portfolio Review Corp lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,421 shares of the company’s stock after acquiring an additional 17,427 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $1,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XFLT. Freestate Advisors LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the third quarter worth about $75,000. Firethorn Wealth Partners LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at approximately $98,000. Beacon Financial Advisory LLC lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 20.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 16,036 shares of the company’s stock worth $106,000 after purchasing an additional 2,776 shares during the period. Atomi Financial Group Inc. grew its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 19.8% in the third quarter. Atomi Financial Group Inc. now owns 26,427 shares of the company’s stock worth $180,000 after purchasing an additional 4,365 shares during the last quarter. Finally, Modera Wealth Management LLC raised its position in 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 worth $184,000 after purchasing an additional 2,150 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.4 %

Shares of XFLT opened at $6.58 on Friday. The stock’s 50-day moving average price is $6.66 and its two-hundred day moving average price is $6.82. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $6.29 and a 12 month high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.077 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.92 annualized dividend and a yield of 14.03%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 114.94%.

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.