John Yogi Spence Purchases 2,000 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 purchased 2,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $6.38 per share, with a total value of $12,760.00. Following the purchase, the vice president now directly owns 551,806 shares of the company’s stock, valued at approximately $3,520,522.28. The trade was a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, February 19th, John Yogi Spence purchased 3,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The shares were bought at an average price of $6.41 per share, with a total value of $19,230.00.
• On Thursday, December 19th, John Yogi Spence purchased 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The shares were bought at an average price of $6.50 per share, with a total value of $13,000.00.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $6.39 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $6.29 and a 12 month high of $7.30. The business has a 50 day simple moving average of $6.57 and a 200-day simple moving average of $6.78.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.077 dividend. This represents a $0.92 annualized dividend and a yield of 14.47%. The ex-dividend date of this dividend is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 113.79%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Apollon Wealth Management LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth $167,000. J.W. Cole Advisors Inc. raised its position in XAI Octagon Floating Rate & Alternative Income Trust by 85.2% in the third quarter. J.W. Cole Advisors Inc. now owns 157,853 shares of the company’s stock worth $1,077,000 after acquiring an additional 72,612 shares in the last quarter. Modera Wealth Management LLC raised its position in XAI Octagon Floating Rate & Alternative Income Trust by 8.7% in the third quarter. Modera Wealth Management LLC now owns 27,000 shares of the company’s stock worth $184,000 after acquiring an additional 2,150 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in XAI Octagon Floating Rate & Alternative Income Trust by 8.4% in the third quarter. Great Valley Advisor Group Inc. now owns 65,395 shares of the company’s stock worth $446,000 after acquiring an additional 5,073 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its position in XAI Octagon Floating Rate & Alternative Income Trust by 6.9% in the fourth quarter. Consolidated Portfolio Review Corp now owns 270,421 shares of the company’s stock worth $1,796,000 after acquiring an additional 17,427 shares in the last quarter.

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.