Chicago Partners Investment Group LLC Reduces Stake in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Chicago Partners Investment Group LLC cut its stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 13.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,544 shares of the company’s stock after selling 25,526 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $907,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 1st quarter worth $160,000. Envestnet Asset Management Inc. acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the first quarter valued at approximately $4,243,000. M&T Bank Corp acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 1st quarter valued at $254,000. LPL Financial LLC increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 2.5% in the 1st quarter. LPL Financial LLC now owns 357,103 shares of the company’s stock valued at $2,110,000 after acquiring an additional 8,703 shares during the period. Finally, Invesco Ltd. raised its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 347.6% during the first quarter. Invesco Ltd. now owns 114,668 shares of the company’s stock worth $678,000 after purchasing an additional 89,048 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.7%

NYSE:XFLT opened at $4.89 on Wednesday. The stock has a fifty day moving average price of $5.37 and a two-hundred day moving average price of $5.52. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $4.73 and a 1 year high of $7.16.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 17.2%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 102.30%.

Insider Activity at XAI Octagon Floating Rate & Alternative Income Trust

In related news, insider Scott C. Jones sold 13,009 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $5.62, for a total transaction of $73,110.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

XAI Octagon Floating Rate & Alternative Income Trust Profile

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.