Shaker Financial Services LLC Makes New Investment in XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT)

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Shaker Financial Services LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,979 shares of the company’s stock, valued at approximately $186,000.

Other hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Term Trust by 164.7% in the 2nd quarter. Lindbrook Capital LLC now owns 4,500 shares of the company’s stock worth $26,000 after acquiring an additional 2,800 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Term Trust by 26.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 28,658 shares of the company’s stock valued at $163,000 after purchasing an additional 5,953 shares during the last quarter. First Trust Advisors LP raised its stake in XAI Octagon Floating Rate & Alternative Income Term Trust by 22.3% during the 1st quarter. First Trust Advisors LP now owns 32,060 shares of the company’s stock valued at $278,000 after acquiring an additional 5,854 shares during the last quarter. Finally, UBS Group AG increased its position in XAI Octagon Floating Rate & Alternative Income Term Trust by 9.8% during the 2nd quarter. UBS Group AG now owns 358,910 shares of the company’s stock worth $2,042,000 after purchasing an additional 32,041 shares during the period.

Shares of XFLT traded down $0.01 on Tuesday, reaching $7.58. The stock had a trading volume of 73,799 shares, compared to its average volume of 101,848. The firm has a 50-day moving average of $6.92 and a 200 day moving average of $5.97. XAI Octagon Floating Rate & Alternative Income Term Trust has a twelve month low of $3.67 and a twelve month high of $8.63.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.073 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date of this dividend is Monday, November 16th.

XAI Octagon Floating Rate & Alternative Income Term Trust Company Profile

There is no company description available for XAI Octagon Floating Rate & Alternative Income Term Trust.

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Institutional Ownership by Quarter for XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT)

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