XAI Octagon Floating Rate & Alternative Income Trust $XFLT Shares Purchased by LPL Financial LLC

LPL Financial LLC grew its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 357,103 shares of the company’s stock after purchasing an additional 8,703 shares during the quarter. LPL Financial LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XFLT. Brookwood Investment Group LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the first quarter valued at $218,000. Triumph Capital Management lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 6.4% during the 1st quarter. Triumph Capital Management now owns 88,202 shares of the company’s stock worth $521,000 after acquiring an additional 5,340 shares during the period. Choreo LLC grew its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 22.4% in the 1st quarter. Choreo LLC now owns 185,014 shares of the company’s stock valued at $1,106,000 after purchasing an additional 33,831 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 142.3% in the 1st quarter. J.W. Cole Advisors Inc. now owns 497,462 shares of the company’s stock valued at $2,940,000 after buying an additional 292,136 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in XAI Octagon Floating Rate & Alternative Income Trust by 7.1% during the 1st quarter. Private Advisor Group LLC now owns 103,859 shares of the company’s stock worth $614,000 after buying an additional 6,895 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.3%

Shares of NYSE:XFLT opened at $5.4750 on Wednesday. The firm’s 50-day simple moving average is $5.58 and its 200-day simple moving average is $5.81. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $4.76 and a fifty-two week high of $7.16.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

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