J.W. Cole Advisors Inc. Acquires 7,487 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

J.W. Cole Advisors Inc. lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 47.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,123 shares of the company’s stock after purchasing an additional 7,487 shares during the period. J.W. Cole Advisors Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $165,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 8.6% during the third quarter. Kestra Private Wealth Services LLC now owns 18,850 shares of the company’s stock valued at $131,000 after purchasing an additional 1,500 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 6.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 38,344 shares of the company’s stock worth $266,000 after acquiring an additional 2,290 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 3.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 68,860 shares of the company’s stock worth $484,000 after buying an additional 2,331 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 22.4% during the 4th quarter. CoreCap Advisors LLC now owns 20,200 shares of the company’s stock worth $144,000 after buying an additional 3,700 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. raised its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 39.1% during the third quarter. Astoria Portfolio Advisors LLC. now owns 14,188 shares of the company’s stock worth $96,000 after acquiring an additional 3,990 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $7.02 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $6.26 and a twelve month high of $7.76. The company’s 50-day moving average price is $7.09 and its two-hundred day moving average price is $7.08.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 14.53%. The ex-dividend date is Friday, April 12th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 117.24%.

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.