Virtus Investment Advisers LLC Has $1.27 Million Holdings in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Virtus Investment Advisers LLC cut its stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 9.2% in the second quarter, Holdings Channel.com reports. The firm owned 224,346 shares of the company’s stock after selling 22,610 shares during the period. Virtus Investment Advisers LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in XFLT. Allworth Financial LP raised its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 1,689.2% during the second quarter. Allworth Financial LP now owns 5,296 shares of the company’s stock valued at $30,000 after buying an additional 5,000 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the first quarter worth about $66,000. Virtu Financial LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the first quarter valued at about $78,000. Catalina Capital Group LLC increased its stake in XAI Octagon Floating Rate & Alternative Income Trust by 50.9% during the second quarter. Catalina Capital Group LLC now owns 23,628 shares of the company’s stock valued at $133,000 after acquiring an additional 7,969 shares during the period. Finally, AlphaCore Capital LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 1st quarter valued at approximately $142,000.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 1.2%

Shares of XFLT stock opened at $4.67 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $4.41 and a 12 month high of $7.16. The stock has a 50 day moving average of $4.96 and a two-hundred day moving average of $5.38.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.07 dividend. This represents a c) annualized dividend and a yield of 18.0%. The ex-dividend date of this dividend is Monday, November 17th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 101.15%.

Insiders Place Their Bets

In other news, insider Scott C. Jones sold 13,009 shares of XAI Octagon Floating Rate & Alternative Income Trust stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $5.62, for a total transaction of $73,110.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lauren Kristen Law purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was acquired at an average cost of $5.01 per share, with a total value of $100,200.00. Following the transaction, the insider directly owned 20,000 shares of the company’s stock, valued at approximately $100,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

XAI Octagon Floating Rate & Alternative Income Trust Company 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.