Commonwealth Equity Services LLC Decreases Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Key Points

• Commonwealth Equity Services LLC reduced its holdings in FS Credit Opportunities Corp. by 4.9%, owning approximately 9.68 million shares after selling 502,928 shares.
• FS Credit Opportunities recently declared a monthly dividend of $0.0678 per share, which is an increase from the previous $0.06, representing an annualized yield of 11.0%.
• Shares of FS Credit Opportunities Corp. opened at $7.43, with a one-year range of $5.29 to $7.57 and the company currently has a 36.37% ownership by institutional investors.

Commonwealth Equity Services LLC reduced its holdings in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,680,574 shares of the company's stock after selling 502,928 shares during the quarter. Commonwealth Equity Services LLC owned approximately 2.82% of FS Credit Opportunities worth $68,248,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FSCO. Financial Gravity Asset Management Inc. bought a new stake in shares of FS Credit Opportunities during the 1st quarter valued at about $342,000. Crossmark Global Holdings Inc. acquired a new position in FS Credit Opportunities in the first quarter valued at approximately $155,000. Flagship Harbor Advisors LLC boosted its holdings in shares of FS Credit Opportunities by 86.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 27,754 shares of the company's stock worth $196,000 after buying an additional 12,883 shares in the last quarter. Blackstone Inc. acquired a new stake in shares of FS Credit Opportunities during the 4th quarter worth approximately $11,341,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of FS Credit Opportunities by 729.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,228 shares of the company's stock worth $765,000 after buying an additional 98,691 shares during the period. Institutional investors own 36.37% of the company's stock.

FS Credit Opportunities Stock Up 0.6%

NYSE FSCO traded up $0.05 on Friday, hitting $7.42. 589,266 shares of the company were exchanged, compared to its average volume of 920,732. FS Credit Opportunities Corp. has a 12 month low of $5.29 and a 12 month high of $7.65. The stock has a fifty day moving average of $7.27 and a 200-day moving average of $7.02.

FS Credit Opportunities Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 24th were issued a $0.0678 dividend. The ex-dividend date was Thursday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. This is an increase from FS Credit Opportunities's previous monthly dividend of $0.06.

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.