Brookwood Investment Group LLC Purchases New Holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Brookwood Investment Group LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 36,861 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the first quarter valued at about $64,000. Orion Portfolio Solutions LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $68,000. CreativeOne Wealth LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $71,000. Guggenheim Capital LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $73,000. Finally, Mutual Advisors LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the first quarter valued at about $120,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE:XFLT opened at $5.50 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $4.76 and a 52 week high of $7.16. The company has a 50-day moving average price of $5.64 and a 200 day moving average price of $5.92.

XAI Octagon Floating Rate & Alternative Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.84 annualized dividend and a dividend yield of 15.29%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is currently 108.05%.

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.