XAI Octagon Floating Rate & Alternative Income Trust $XFLT Position Reduced by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 15.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,970 shares of the company’s stock after selling 1,991 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in XFLT. Envestnet Asset Management Inc. purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the first quarter worth approximately $4,243,000. Cresset Asset Management LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth approximately $2,102,000. J.W. Cole Advisors Inc. lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 142.3% in the first quarter. J.W. Cole Advisors Inc. now owns 497,462 shares of the company’s stock worth $2,940,000 after purchasing an additional 292,136 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the first quarter worth approximately $254,000. Finally, Brookwood Investment Group LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the first quarter worth approximately $218,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 2.2%

Shares of XFLT opened at $5.48 on Monday. The firm’s 50 day moving average price is $5.59 and its 200 day moving average price is $5.82. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $4.76 and a twelve month high of $7.16.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 15.3%. The ex-dividend date of this dividend is Friday, August 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 105.75%.

XAI Octagon Floating Rate & Alternative Income Trust 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.