XAI Octagon Floating Rate & Alternative Income Trust $XFLT Shares Purchased by Cresset Asset Management LLC

Cresset Asset Management LLC lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 160.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 725,803 shares of the company’s stock after purchasing an additional 447,255 shares during the period. Cresset Asset Management LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $3,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of XFLT. Royal Bank of Canada increased its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 128.7% in the 1st quarter. Royal Bank of Canada now owns 47,831 shares of the company’s stock worth $282,000 after acquiring an additional 26,918 shares in the last quarter. Allworth Financial LP raised its position in shares of 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 purchasing an additional 5,000 shares during the last quarter. Samalin Investment Counsel LLC lifted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 9.9% in the 2nd quarter. Samalin Investment Counsel LLC now owns 106,098 shares of the company’s stock valued at $599,000 after buying an additional 9,522 shares in the last quarter. Invesco Ltd. lifted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 40.8% in the 2nd quarter. Invesco Ltd. now owns 161,492 shares of the company’s stock valued at $912,000 after buying an additional 46,824 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 1,534.9% in the 2nd quarter. Guggenheim Capital LLC now owns 252,119 shares of the company’s stock worth $1,424,000 after buying an additional 236,698 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 5.2%

NYSE:XFLT opened at $3.13 on Friday. The stock has a 50 day moving average of $4.26 and a two-hundred day moving average of $4.76. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $3.11 and a 12 month high of $6.38.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 23.0%. The ex-dividend date was Tuesday, February 17th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is presently 103.45%.

XAI Octagon Floating Rate & Alternative Income Trust 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.