Invesco Ltd. Has $678,000 Stake in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Invesco Ltd. boosted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 347.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,668 shares of the company’s stock after purchasing an additional 89,048 shares during the period. Invesco Ltd.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XFLT. Envestnet Asset Management Inc. bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the first quarter valued at about $4,243,000. Cresset Asset Management LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $2,102,000. J.W. Cole Advisors Inc. raised its holdings 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 valued at $2,940,000 after buying an additional 292,136 shares during the last quarter. M&T Bank Corp bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the first quarter valued at about $254,000. Finally, Brookwood Investment Group LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the first quarter valued at about $218,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.6%

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $5.59 on Friday. The stock has a 50-day simple moving average of $5.56 and a 200 day simple moving average of $5.72. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $4.76 and a 12-month high of $7.16.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 16th will be paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend is Tuesday, September 16th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 105.75%.

About XAI Octagon Floating Rate & Alternative Income Trust

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.