XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) VP John Spence acquired 1,000 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were acquired at an average cost of $16.50 per share, with a total value of $16,500.00. Following the transaction, the vice president owned 115,357 shares in the company, valued at approximately $1,903,390.50. The trade was a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
John Yogi Spence also recently made the following trade(s):
- On Wednesday, October 21st, John Spence acquired 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The shares were acquired at an average price of $17.07 per share, for a total transaction of $34,140.00.
XAI Octagon Floating Rate & Alternative Income Trust Price Performance
Shares of NYSE XFLT opened at $16.46 on Wednesday. The firm’s 50-day moving average price is $18.87 and its two-hundred day moving average price is $18.70. XAI Octagon Floating Rate & Alternative Income Trust has a 52-week low of $14.92 and a 52-week high of $24.90.
XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.2250 per share. The ex-dividend date is Thursday, October 15th. This represents a $2.70 dividend on an annualized basis and a yield of 16.4%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is currently 502.30%.
Institutional Investors Weigh In On XAI Octagon Floating Rate & Alternative Income Trust
A hedge fund recently bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust stock. Sculptor Capital LP purchased a new position in shares of 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 & Exchange Commission. The institutional investor purchased 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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