Advisors Asset Management Inc. Buys 102,394 Shares of FS Credit Opportunities Corp. $FSCO

Key Points

• Advisors Asset Management Inc. increased its stake in FS Credit Opportunities Corp. by 20%, owning 615,402 shares valued at approximately $4.34 million as of the recent SEC filing.
• The firm declared a monthly dividend of $0.0678 per share, contributing to an annualized dividend yield of 11.0%.
• FS Credit Opportunities Corp. has experienced a stock price fluctuation with a 1-year low of $5.29 and a high of $7.65, with the current trading price at $7.41.

Advisors Asset Management Inc. lifted its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 20.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 615,402 shares of the company's stock after acquiring an additional 102,394 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.18% of FS Credit Opportunities worth $4,339,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Global Assets Advisory LLC bought a new stake in FS Credit Opportunities in the 1st quarter valued at $77,000. Curran Financial Partners LLC acquired a new position in shares of FS Credit Opportunities in the first quarter valued at $78,000. WPG Advisers LLC bought a new position in shares of FS Credit Opportunities in the first quarter valued at about $84,000. Freestate Advisors LLC bought a new position in shares of FS Credit Opportunities in the first quarter valued at about $85,000. Finally, Andina Capital Management LLC acquired a new stake in shares of FS Credit Opportunities during the 1st quarter worth about $85,000. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Trading Up 0.3%

FSCO stock traded up $0.02 during mid-day trading on Thursday, hitting $7.45. 986,370 shares of the company were exchanged, compared to its average volume of 908,924. FS Credit Opportunities Corp. has a 1-year low of $5.29 and a 1-year high of $7.65. The business has a 50 day simple moving average of $7.38 and a 200-day simple moving average of $7.10.

FS Credit Opportunities Dividend Announcement

The business also recently declared a sep 25 dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd will be paid a $0.0678 dividend. This represents a yield of 1,040.0%. The ex-dividend date of this dividend is Tuesday, September 23rd.

FS Credit Opportunities 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.