Apollon Wealth Management LLC Sells 49,726 Shares of XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Apollon Wealth Management LLC decreased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 79.8% in the 1st quarter, Holdings Channel reports. The firm owned 12,603 shares of the company’s stock after selling 49,726 shares during the period. Apollon Wealth Management LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $217,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XFLT. Evoke Wealth LLC increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 16.4% in the 4th quarter. Evoke Wealth LLC now owns 17,568 shares of the company’s stock worth $84,000 after buying an additional 2,479 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 21.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 17,000 shares of the company’s stock worth $82,000 after acquiring an additional 3,000 shares in the last quarter. Private Advisor Group LLC grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 5.2% in the third quarter. Private Advisor Group LLC now owns 113,011 shares of the company’s stock worth $599,000 after acquiring an additional 5,582 shares in the last quarter. Bank of America Corp DE bought a new position in XAI Octagon Floating Rate & Alternative Income Trust in the second quarter valued at $34,000. Finally, Global Retirement Partners LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at $40,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

NYSE XFLT opened at $17.89 on Wednesday. The stock’s 50-day simple moving average is $18.26 and its two-hundred day simple moving average is $19.23. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $14.92 and a twelve month high of $28.50.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 15.1%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 545.98%.

XAI Octagon Floating Rate & Alternative Income Trust Profile

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.