XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence Acquires 2,000 Shares of Company Stock

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

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 0.7%

Shares of XFLT stock opened at $16.91 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $14.92 and a twelve month high of $25.10. The stock has a 50 day moving average of $19.04 and a 200 day moving average of $18.47.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.2250 dividend. 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 16.0%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is currently 502.30%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust stock. CoreCap Advisors LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,916 shares of the company’s stock, valued at approximately $51,000.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

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.