FS Credit Opportunities Corp. (NYSE:FSCO) Shares Sold by Wagner Wealth Management LLC

Wagner Wealth Management LLC cut its position in FS Credit Opportunities Corp. (NYSE:FSCO) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,451,786 shares of the company’s stock after selling 54,727 shares during the quarter. FS Credit Opportunities makes up approximately 6.1% of Wagner Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Wagner Wealth Management LLC’s holdings in FS Credit Opportunities were worth $23,541,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Spire Wealth Management bought a new stake in shares of FS Credit Opportunities in the fourth quarter valued at about $39,000. Truvestments Capital LLC bought a new stake in FS Credit Opportunities during the 3rd quarter worth approximately $52,000. PSI Advisors LLC boosted its holdings in FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after acquiring an additional 4,146 shares during the last quarter. Nwam LLC bought a new position in FS Credit Opportunities during the third quarter worth $66,000. Finally, Compass Ion Advisors LLC acquired a new position in FS Credit Opportunities in the third quarter valued at approximately $81,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Up 0.2 %

FS Credit Opportunities stock opened at $6.91 on Monday. The firm’s fifty day moving average price is $6.80 and its two-hundred day moving average price is $6.56. FS Credit Opportunities Corp. has a 1-year low of $5.61 and a 1-year high of $7.12.

FS Credit Opportunities Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were given a dividend of $0.0645 per share. The ex-dividend date was Friday, January 24th. This represents a $0.77 annualized dividend and a yield of 11.21%. This is a positive change from FS Credit Opportunities’s previous monthly dividend of $0.06.

About FS Credit Opportunities

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.