Consolidated Portfolio Review Corp Purchases 17,427 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Consolidated Portfolio Review Corp grew its position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 270,421 shares of the company’s stock after purchasing an additional 17,427 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $1,796,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Beacon Financial Advisory LLC increased its holdings in shares of 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 worth $106,000 after purchasing an additional 2,776 shares during the period. Choreo LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth approximately $1,004,000. Firethorn Wealth Partners LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth $98,000. Great Valley Advisor Group Inc. raised its holdings 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 valued at $446,000 after acquiring an additional 5,073 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 10.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 216,241 shares of the company’s stock valued at $1,479,000 after acquiring an additional 19,947 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE XFLT opened at $6.58 on Friday. The stock’s fifty day moving average is $6.66 and its 200 day moving average is $6.82. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $6.29 and a 52 week high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.077 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.03%. The ex-dividend date of this dividend is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 114.94%.

XAI Octagon Floating Rate & Alternative Income Trust Company 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.