Bard Associates Inc. Decreases Position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Bard Associates Inc. lowered its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,247 shares of the company’s stock after selling 8,650 shares during the period. Bard Associates Inc.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at $86,000. Firethorn Wealth Partners LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at about $98,000. Beacon Financial Advisory LLC boosted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 20.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 16,036 shares of the company’s stock worth $106,000 after acquiring an additional 2,776 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth approximately $167,000. Finally, Walkner Condon Financial Advisors LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at approximately $215,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.6 %

Shares of XFLT stock opened at $6.44 on Tuesday. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $6.29 and a 12 month high of $7.30. The company has a 50 day simple moving average of $6.55 and a two-hundred day simple moving average of $6.75.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.077 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.92 dividend on an annualized basis and a yield of 14.35%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 113.79%.

XAI Octagon Floating Rate & Alternative Income Trust Profile

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.