Modern Wealth Management LLC Invests $1.22 Million in FS Credit Opportunities Corp. (NYSE:FSCO)

Modern Wealth Management LLC purchased a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 174,831 shares of the company’s stock, valued at approximately $1,220,000.

Other large investors have also recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of FS Credit Opportunities in the fourth quarter valued at approximately $39,000. US Bancorp DE bought a new position in FS Credit Opportunities in the 4th quarter valued at $49,000. PSI Advisors LLC boosted its stake in FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock worth $52,000 after purchasing an additional 4,146 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of FS Credit Opportunities during the third quarter worth $52,000. Finally, Nwam LLC bought a new stake in shares of FS Credit Opportunities during the third quarter worth $66,000. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Trading Down 0.9 %

Shares of NYSE FSCO opened at $6.98 on Thursday. FS Credit Opportunities Corp. has a 12-month low of $5.66 and a 12-month high of $7.16. The firm’s 50-day simple moving average is $6.96 and its 200 day simple moving average is $6.73.

FS Credit Opportunities Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.0645 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.77 annualized dividend and a dividend yield of 11.10%.

Insider Activity at FS Credit Opportunities

In other news, Director Keith Bethel acquired 5,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $139,200. This represents a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by company insiders.

FS Credit Opportunities Company Profile

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.