Golden State Wealth Management LLC grew its stake in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 118.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,795 shares of the company's stock after acquiring an additional 45,444 shares during the quarter. Golden State Wealth Management LLC's holdings in FS Credit Opportunities were worth $591,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Blackstone Inc. bought a new stake in shares of FS Credit Opportunities in the fourth quarter valued at about $11,341,000. Bensler LLC bought a new stake in FS Credit Opportunities in the 1st quarter valued at approximately $4,013,000. Noble Wealth Management PBC acquired a new position in FS Credit Opportunities during the 4th quarter worth approximately $3,255,000. Raymond James Financial Inc. acquired a new position in FS Credit Opportunities during the 4th quarter worth approximately $3,128,000. Finally, Advisors Asset Management Inc. grew its stake in shares of FS Credit Opportunities by 146.5% during the 4th quarter. Advisors Asset Management Inc. now owns 513,008 shares of the company's stock worth $3,499,000 after acquiring an additional 304,902 shares in the last quarter. 36.37% of the stock is currently owned by institutional investors and hedge funds.
FS Credit Opportunities Stock Performance
Shares of FSCO traded up $0.12 during midday trading on Friday, reaching $7.23. The stock had a trading volume of 615,209 shares, compared to its average volume of 827,251. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.33. The firm has a 50 day simple moving average of $7.06 and a 200-day simple moving average of $6.91.
FS Credit Opportunities Announces Dividend
The business also recently announced a jun 25 dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.0678 per share. This represents a dividend yield of 10.2%. The ex-dividend date is Monday, June 23rd.
About FS Credit Opportunities
(
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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