Consolidated Portfolio Review Corp buys a new position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

VaselineSeptember 2, 2024

0 2 minutes read

Consolidated Portfolio Review Corp bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 120,513 shares of the company’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings 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 acquiring an additional 10,356 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 10.3% during 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. JW Cole Advisors Inc. boosted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 93.5% in the first quarter. JW Cole Advisors Inc. now owns 44,753 shares of the company’s stock valued at $317,000 after acquiring an additional 21,630 shares during the period. Great Valley Advisor Group Inc. bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth approximately $330,000. Finally, Belpointe Asset Management LLC increased its position in XAI Octagon Floating Rate & Alternative Income Trust by 44.0% during the fourth quarter. Belpointe Asset Management LLC now owns 106,425 shares of the company’s stock worth $760,000 after acquiring an additional 32,530 shares during the period.

Price performance of the XAI Octogon floating rate trust and alternative income

NYSE XFLT opened at $6.89 on Monday. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $6.41 and a 12-month high of $7.76. The firm has a 50 day moving average price of $7.00 and a two hundred day moving average price of $7.07.

XAI Octogon Floating Rate and Alternative Income Trust Dividend Announcement

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The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, August 15. This represents a dividend of $1.02 on an annualized basis and a yield of 14.80%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 117.24%.

XAI Octogon Floating Rate & Alternative Income Trust Company Profile

(Free report)

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating rate credit instruments and other structured credit investments in the private markets. Under normal market conditions, the Trust will invest at least 80% of its assets under management in senior secured loans, debt CLOs and equity CLOs.

The trust aims for an attractive total return with a focus on income generation at several stages of the credit cycle.