Belpointe Asset Management LLC Sells 129,975 Shares of XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Belpointe Asset Management LLC reduced its position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 26.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 355,076 shares of the company’s stock after selling 129,975 shares during the period. Belpointe Asset Management LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $1,882,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 3.3% during the third quarter. Samalin Investment Counsel LLC now owns 109,624 shares of the company’s stock worth $581,000 after buying an additional 3,526 shares in the last quarter. Allworth Financial LP grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 1,689.2% during the 2nd quarter. Allworth Financial LP now owns 5,296 shares of the company’s stock worth $30,000 after acquiring an additional 5,000 shares during the last quarter. Bank of America Corp DE bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 2nd quarter worth approximately $34,000. Catalina Capital Group LLC increased its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 50.9% during the 2nd quarter. Catalina Capital Group LLC now owns 23,628 shares of the company’s stock valued at $133,000 after purchasing an additional 7,969 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter valued at $53,000.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $4.57 on Wednesday. The business’s fifty day moving average is $4.63 and its two-hundred day moving average is $5.07. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $4.41 and a 52 week high of $6.64.

XAI Octagon Floating Rate & Alternative Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 15.8%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 97.70%.

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.