Chicago Partners Investment Group LLC Has $226,000 Stock Holdings in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Chicago Partners Investment Group LLC decreased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 87.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,512 shares of the company’s stock after selling 90,096 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Alpine Global Management LLC acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth approximately $129,000. Sit Investment Associates Inc. grew its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 112.4% in the fourth quarter. Sit Investment Associates Inc. now owns 5,467,565 shares of the company’s stock worth $26,244,000 after acquiring an additional 2,893,917 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth $68,000. XTX Topco Ltd bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth $230,000. Finally, Rivernorth Capital Management LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at $4,070,000.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock opened at $17.49 on Wednesday. The firm has a fifty day moving average price of $18.01 and a two-hundred day moving average price of $18.84. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $14.92 and a fifty-two week high of $28.50.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business 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 of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 15.4%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 545.98%.

XAI Octagon Floating Rate & Alternative Income Trust Company 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.