Envestnet Asset Management Inc. boosted its holdings in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,909,783 shares of the company's stock after acquiring an additional 156,078 shares during the quarter. Envestnet Asset Management Inc. owned 0.56% of FS Credit Opportunities worth $13,464,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Flagship Harbor Advisors LLC grew its stake in FS Credit Opportunities by 86.6% during the first 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 during the last quarter. Blackstone Inc. bought a new stake in FS Credit Opportunities during the fourth quarter worth about $11,341,000. Wealth Enhancement Advisory Services LLC grew its stake in FS Credit Opportunities by 729.0% during the fourth 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 last quarter. Golden State Wealth Management LLC grew its stake in FS Credit Opportunities by 9.2% during the first quarter. Golden State Wealth Management LLC now owns 41,898 shares of the company's stock worth $295,000 after buying an additional 3,547 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in FS Credit Opportunities during the fourth quarter worth about $1,363,000. Institutional investors own 36.37% of the company's stock.
FS Credit Opportunities Price Performance
Shares of FSCO stock traded down $0.02 during trading hours on Friday, reaching $7.20. 1,033,050 shares of the company were exchanged, compared to its average volume of 823,902. FS Credit Opportunities Corp. has a fifty-two week low of $5.29 and a fifty-two week high of $7.35. The stock's fifty day moving average is $7.18 and its two-hundred day moving average is $6.97.
FS Credit Opportunities Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be issued a $0.0678 dividend. This is a positive change from FS Credit Opportunities's previous monthly dividend of $0.06. This represents a $0.81 annualized dividend and a yield of 11.31%. The ex-dividend date of this dividend is Thursday, July 24th.
FS Credit Opportunities Company Profile
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Free Report)
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.
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