Great Valley Advisor Group Inc. Acquires 5,073 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Great Valley Advisor Group Inc. grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLTFree Report) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,395 shares of the company’s stock after acquiring an additional 5,073 shares during the period. Great Valley Advisor Group Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of XFLT. J.W. Cole Advisors Inc. grew its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 85.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 157,853 shares of the company’s stock valued at $1,077,000 after acquiring an additional 72,612 shares during the period. Worth Asset Management LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the third quarter worth approximately $231,000. Atomi Financial Group Inc. increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 22.8% in the second quarter. Atomi Financial Group Inc. now owns 22,062 shares of the company’s stock worth $156,000 after purchasing an additional 4,094 shares in the last quarter. Freestate Advisors LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter valued at $75,000. Finally, Wedbush Securities Inc. lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 6.3% during the 2nd quarter. Wedbush Securities Inc. now owns 50,533 shares of the company’s stock valued at $356,000 after buying an additional 3,008 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.1 %

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock opened at $6.96 on Wednesday. The company has a fifty day moving average of $6.88 and a 200 day moving average of $6.97. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $6.53 and a fifty-two week high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors 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 14.66%. The ex-dividend date is Friday, November 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 117.24%.

About XAI Octagon Floating Rate & Alternative Income Trust

(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 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.

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Institutional Ownership by Quarter for XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

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