XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 613,462 shares of the company’s stock after selling 13,871 shares during the quarter. Belpointe Asset Management LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $4,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Beacon Financial Advisory LLC lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 20.9% in the 4th quarter. Beacon Financial Advisory LLC now owns 16,036 shares of the company’s stock valued at $106,000 after buying an additional 2,776 shares during the period. CFO4Life Group LLC raised its position in XAI Octagon Floating Rate & Alternative Income Trust by 8.4% during the fourth quarter. CFO4Life Group LLC now owns 38,800 shares of the company’s stock valued at $258,000 after acquiring an additional 3,000 shares in the last quarter. Mariner LLC lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 3.2% in the fourth quarter. Mariner LLC now owns 158,964 shares of the company’s stock valued at $1,056,000 after acquiring an additional 4,979 shares during the period. Samalin Investment Counsel LLC lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 10.4% in the fourth quarter. Samalin Investment Counsel LLC now owns 88,444 shares of the company’s stock valued at $587,000 after acquiring an additional 8,326 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth approximately $68,000.

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

XFLT opened at $5.37 on Monday. The company has a fifty day moving average of $6.13 and a two-hundred day moving average of $6.55. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $4.76 and a fifty-two week high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.077 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.92 annualized dividend and a dividend yield of 17.22%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 112.64%.

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.