Catalina Capital Group LLC Has $105,000 Holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Catalina Capital Group LLC cut its stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 36.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,455 shares of the company’s stock after selling 9,010 shares during the period. Catalina Capital Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of XFLT. EverSource Wealth Advisors LLC acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the second quarter valued at approximately $60,000. Freestate Advisors LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter valued at $75,000. Sykon Capital LLC acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter valued at $155,000. Atomi Financial Group Inc. raised its position 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 worth $156,000 after acquiring an additional 4,094 shares during the last quarter. Finally, Naviter Wealth LLC lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 23.2% during the second quarter. Naviter Wealth LLC now owns 25,332 shares of the company’s stock valued at $180,000 after acquiring an additional 4,768 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.4 %

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $6.95 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $6.53 and a 12-month high of $7.76. The business’s 50-day simple moving average is $6.86 and its 200 day simple moving average is $6.99.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.085 per share. This represents a $1.02 annualized dividend and a dividend yield of 14.68%. The ex-dividend date is Friday, November 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 117.24%.

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.