XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) VP John Spence acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, October 21st. The shares were bought at an average cost of $17.07 per share, for a total transaction of $34,140.00. Following the transaction, the vice president directly owned 114,357 shares of the company’s stock, valued at approximately $1,952,073.99. This trade represents a 1.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
XAI Octagon Floating Rate & Alternative Income Trust Stock Down 2.4%
XFLT stock opened at $16.50 on Friday. The business’s 50-day moving average is $18.99 and its two-hundred day moving average is $18.46. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $14.92 and a 1 year high of $25.10.
XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a $0.2250 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Thursday, October 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 502.30%.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in XAI Octagon Floating Rate & Alternative Income Trust stock. Sculptor Capital LP acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,686 shares of the company’s stock, valued at approximately $269,000.
About XAI Octagon Floating Rate & Alternative Income Trust
XAI Octagon Floating Rate & Alternative Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol XFLT. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing in a portfolio of floating-rate and alternative credit instruments.
The trust primarily invests in collateralized loan obligation (CLO) securities, including CLO debt and equity tranches, as well as senior secured loans and other floating-rate debt securities.
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