Wedbush Securities Inc. Increases Position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Wedbush Securities Inc. raised its position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,533 shares of the company’s stock after buying an additional 3,008 shares during the period. Wedbush Securities Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Atomi Financial Group Inc. lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 22.8% during the 2nd quarter. Atomi Financial Group Inc. now owns 22,062 shares of the company’s stock worth $156,000 after buying an additional 4,094 shares during the last quarter. Naviter Wealth LLC grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 23.2% during the 2nd quarter. Naviter Wealth LLC now owns 25,332 shares of the company’s stock worth $180,000 after purchasing an additional 4,768 shares during the last quarter. CFO4Life Group LLC increased its stake in XAI Octagon Floating Rate & Alternative Income Trust by 38.8% in the first quarter. CFO4Life Group LLC now owns 35,800 shares of the company’s stock valued at $254,000 after purchasing an additional 10,000 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 93.5% in the first quarter. J.W. Cole Advisors Inc. now owns 44,753 shares of the company’s stock valued at $317,000 after purchasing an additional 21,630 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in XAI Octagon Floating Rate & Alternative Income Trust by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 45,336 shares of the company’s stock valued at $320,000 after buying an additional 1,795 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $6.89 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $6.41 and a one year high of $7.76. The business has a fifty day moving average of $6.96 and a two-hundred day moving average of $7.05.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be given a $0.085 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.02 annualized dividend and a dividend yield of 14.80%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is presently 117.24%.

About XAI Octagon Floating Rate & Alternative Income Trust

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.