Chicago Partners Investment Group LLC Sells 90,096 Shares of XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Chicago Partners Investment Group LLC reduced its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 87.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,512 shares of the company’s stock after selling 90,096 shares during the period. Chicago Partners Investment Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Evoke Wealth LLC increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 16.4% during the 4th quarter. Evoke Wealth LLC now owns 17,568 shares of the company’s stock valued at $84,000 after acquiring an additional 2,479 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 21.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 17,000 shares of the company’s stock worth $82,000 after purchasing an additional 3,000 shares during the last quarter. Private Advisor Group LLC lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 5.2% in the 3rd quarter. Private Advisor Group LLC now owns 113,011 shares of the company’s stock worth $599,000 after purchasing an additional 5,582 shares during the last quarter. Bank of America Corp DE bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the second quarter worth approximately $34,000. Finally, Global Retirement Partners LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth approximately $40,000.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.6%

Shares of XFLT stock opened at $17.49 on Wednesday. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $14.92 and a 12 month high of $28.50. The business’s 50 day moving average is $18.01 and its two-hundred day moving average is $18.84.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be issued a $0.225 dividend. This represents a c) annualized dividend and a yield of 15.4%. The ex-dividend date is Wednesday, July 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 545.98%.

About XAI Octagon Floating Rate & Alternative Income Trust

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.