Apollon Wealth Management LLC Takes $167,000 Position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Apollon Wealth Management LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,107 shares of the company’s stock, valued at approximately $167,000.

Other institutional investors have also made changes to their positions in the company. Modera Wealth Management LLC boosted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 8.7% during the 3rd quarter. Modera Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $184,000 after buying an additional 2,150 shares during the period. Private Advisor Group LLC boosted its position in XAI Octagon Floating Rate & Alternative Income Trust by 3.0% during the third quarter. Private Advisor Group LLC now owns 84,443 shares of the company’s stock valued at $576,000 after purchasing an additional 2,493 shares during the last quarter. Beacon Financial Advisory LLC boosted its position in XAI Octagon Floating Rate & Alternative Income Trust by 20.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 16,036 shares of the company’s stock valued at $106,000 after purchasing an additional 2,776 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in XAI Octagon Floating Rate & Alternative Income Trust by 8.4% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 65,395 shares of the company’s stock worth $446,000 after purchasing an additional 5,073 shares during the last quarter. Finally, Firethorn Wealth Partners LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth about $98,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

NYSE:XFLT opened at $6.51 on Friday. The stock’s 50 day moving average price is $6.61 and its 200 day moving average price is $6.79. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $6.29 and a 52 week high of $7.42.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.077 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.92 annualized dividend and a dividend yield of 14.20%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 113.79%.

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.