Advisory Services Network LLC Makes New Investment in XAI OCTAGON FR/COM (NYSE:XFLT)


Advisory Services Network LLC purchased a new position in XAI OCTAGON FR/COM (NYSE:XFLT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,910 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its position in XAI OCTAGON FR/COM by 8.2% in the second quarter. Wedbush Securities Inc. now owns 26,512 shares of the company’s stock worth $243,000 after buying an additional 2,014 shares in the last quarter. First Trust Advisors LP boosted its stake in XAI OCTAGON FR/COM by 22.3% during the first quarter. First Trust Advisors LP now owns 32,060 shares of the company’s stock valued at $278,000 after buying an additional 5,854 shares during the last quarter. Finally, US Bancorp DE boosted its stake in XAI OCTAGON FR/COM by 16.3% during the first quarter. US Bancorp DE now owns 50,000 shares of the company’s stock valued at $434,000 after buying an additional 7,000 shares during the last quarter.

Shares of XFLT stock opened at $9.06 on Friday. The stock has a 50 day moving average price of $9.14 and a 200 day moving average price of $9.02. XAI OCTAGON FR/COM has a 52-week low of $6.96 and a 52-week high of $10.00.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a $0.073 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.67%.

Separately, National Securities reaffirmed a “buy” rating and issued a $13.00 price objective on shares of XAI OCTAGON FR/COM in a research note on Thursday, May 30th.

XAI OCTAGON FR/COM Profile

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

See Also: Initial Coin Offering (ICO)

Institutional Ownership by Quarter for XAI OCTAGON FR/COM (NYSE:XFLT)

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