CFO4Life Group LLC Grows Stock Position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

CFO4Life Group LLC increased its holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 38.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,800 shares of the company’s stock after buying an additional 10,000 shares during the period. CFO4Life Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 3.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 68,860 shares of the company’s stock valued at $484,000 after acquiring an additional 2,331 shares during the last quarter. CoreCap Advisors LLC increased its position in XAI Octagon Floating Rate & Alternative Income Trust by 22.4% during the 4th quarter. CoreCap Advisors LLC now owns 20,200 shares of the company’s stock worth $144,000 after purchasing an additional 3,700 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in XAI Octagon Floating Rate & Alternative Income Trust by 47.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 23,123 shares of the company’s stock worth $165,000 after purchasing an additional 7,487 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $330,000. Finally, Private Advisor Group LLC increased its position in XAI Octagon Floating Rate & Alternative Income Trust by 16.9% during the 4th 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.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

XFLT remained flat at $7.08 on Friday. 505,760 shares of the company were exchanged, compared to its average volume of 383,094. The company’s fifty day simple moving average is $7.11 and its 200 day simple moving average is $7.15. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $6.41 and a 12-month high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be issued a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 14.41%. The ex-dividend date is Monday, July 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is presently 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.