Sit Investment Associates Inc. Has $26.24 Million Position in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Sit Investment Associates Inc. grew its position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 112.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,467,565 shares of the company’s stock after buying an additional 2,893,917 shares during the quarter. Sit Investment Associates Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $26,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XFLT. Bank of America Corp DE bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 2nd quarter valued at approximately $34,000. Global Retirement Partners LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at approximately $40,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at approximately $41,000. Amplius Wealth Advisors LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at approximately $54,000. Finally, Highland Financial Advisors LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at approximately $56,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.2%

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock opened at $17.94 on Friday. The firm’s 50 day moving average is $18.27 and its 200 day moving average is $19.93. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $14.92 and a 1 year high of $28.75.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.225 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Monday, June 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 600.00%.

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.