XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Stock: Insider John Yogi Spence Purchases 1,000 Shares

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Spence purchased 1,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was acquired at an average cost of $16.50 per share, with a total value of $16,500.00. Following the purchase, the vice president owned 115,357 shares of the company’s stock, valued at approximately $1,903,390.50. This represents a 0.87% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John Yogi Spence also recently made the following trade(s):

• On Wednesday, October 21st, John Spence acquired 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The shares were acquired at an average price of $17.07 per share, with a total value of $34,140.00.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of NYSE XFLT traded up $0.06 during trading on Monday, hitting $16.50. The company had a trading volume of 25,788 shares, compared to its average volume of 106,523. The business’s 50-day moving average is $18.99 and its 200 day moving average is $18.47. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $14.92 and a 52 week high of $25.10.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.2250 per share. The ex-dividend date is Thursday, October 15th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 16.4%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is currently 502.30%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust stock. Sculptor Capital LP purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 15,686 shares of the company’s stock, valued at approximately $269,000.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol XFLT. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing in a portfolio of floating-rate and alternative credit instruments.

The trust primarily invests in collateralized loan obligation (CLO) securities, including CLO debt and equity tranches, as well as senior secured loans and other floating-rate debt securities.