XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Shares Bought by Modera Wealth Management LLC

Modera Wealth Management LLC raised its position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 8.7% in the third quarter, Holdings Channel.com reports. The fund owned 27,000 shares of the company’s stock after acquiring an additional 2,150 shares during the quarter. Modera Wealth Management LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Belpointe Asset Management LLC raised its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 32.3% during the second quarter. Belpointe Asset Management LLC now owns 613,571 shares of the company’s stock valued at $4,326,000 after acquiring an additional 149,744 shares during the last quarter. Consolidated Portfolio Review Corp raised its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 109.9% during the third quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock valued at $1,725,000 after acquiring an additional 132,481 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 19.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 201,545 shares of the company’s stock valued at $1,421,000 after acquiring an additional 33,330 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 90.5% during the second quarter. J.W. Cole Advisors Inc. now owns 85,241 shares of the company’s stock valued at $601,000 after acquiring an additional 40,488 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 3.0% during the third quarter. Private Advisor Group LLC now owns 84,443 shares of the company’s stock worth $576,000 after buying an additional 2,493 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.3 %

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock opened at $6.90 on Wednesday. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $6.53 and a one year high of $7.76. The business’s 50 day moving average price is $6.86 and its 200 day moving average price is $6.99.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.085 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.02 annualized dividend and a yield of 14.78%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 117.24%.

XAI Octagon Floating Rate & Alternative Income Trust Company 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.