B. Riley Wealth Advisors Inc. Sells 2,644 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

B. Riley Wealth Advisors Inc. cut its stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,216 shares of the company’s stock after selling 2,644 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $473,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC grew its stake in XAI Octagon Floating Rate & Alternative Income Trust by 170.1% in the third quarter. Belpointe Asset Management LLC now owns 73,895 shares of the company’s stock valued at $514,000 after purchasing an additional 46,534 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at approximately $330,000. Chicago Partners Investment Group LLC grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 10.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 145,608 shares of the company’s stock worth $1,044,000 after purchasing an additional 13,633 shares during the last quarter. Private Advisor Group LLC increased its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 16.9% during the fourth quarter. Private Advisor Group LLC now owns 71,466 shares of the company’s stock worth $510,000 after purchasing an additional 10,356 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 9.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 90,108 shares of the company’s stock valued at $626,000 after purchasing an additional 8,079 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

NYSE:XFLT opened at $7.06 on Monday. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $6.41 and a twelve month high of $7.76. The company’s 50 day moving average is $7.09 and its two-hundred day moving average is $7.15.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a $0.085 dividend. This represents a $1.02 annualized dividend and a dividend yield of 14.45%. The ex-dividend date of this dividend is Monday, June 17th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 117.24%.

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.