Commonwealth Equity Services LLC Boosts Stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Commonwealth Equity Services LLC grew its stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,336 shares of the company’s stock after acquiring an additional 1,795 shares during the quarter. Commonwealth Equity Services LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $320,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in XFLT. B. Riley Wealth Advisors Inc. grew its stake in XAI Octagon Floating Rate & Alternative Income Trust by 4.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 68,860 shares of the company’s stock worth $484,000 after buying an additional 2,644 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 4.8% during the first quarter. Private Advisor Group LLC now owns 74,916 shares of the company’s stock worth $531,000 after acquiring an additional 3,450 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 22.8% during the second quarter. Atomi Financial Group Inc. now owns 22,062 shares of the company’s stock valued at $156,000 after acquiring an additional 4,094 shares in the last quarter. CFO4Life Group LLC raised its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 38.8% in the 1st quarter. CFO4Life Group LLC now owns 35,800 shares of the company’s stock valued at $254,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 10.3% in the 4th 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 in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

NYSE:XFLT opened at $6.82 on Tuesday. 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 $6.93 and its two-hundred day moving average is $7.04.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be given a $0.085 dividend. This represents a $1.02 annualized dividend and a dividend yield of 14.96%. The ex-dividend date is Tuesday, September 17th. XAI Octagon Floating Rate & Alternative Income Trust’s 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.