XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence Acquires 1,000 Shares of Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Spence acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average cost of $16.50 per share, for a total transaction of $16,500.00. Following the completion of the purchase, the vice president directly owned 115,357 shares in the company, valued at $1,903,390.50. This represents a 0.87% increase in their position. The acquisition was disclosed in a 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 cost of $17.07 per share, with a total value of $34,140.00.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XAI Octagon Floating Rate & Alternative Income Trust stock traded up $0.06 during mid-day trading on Monday, reaching $16.50. The company had a trading volume of 25,788 shares, compared to its average volume of 106,523. The company has a 50 day moving average of $18.99 and a 200-day moving average of $18.47. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $14.92 and a 52 week high of $25.10.

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. Stockholders of record on Thursday, October 15th will be paid a $0.2250 dividend. This represents a $2.70 annualized dividend 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 is currently 502.30%.

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

An institutional investor recently bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust stock. CoreCap Advisors LLC acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,916 shares of the company’s stock, valued at approximately $51,000.

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.