J.W. Cole Advisors Inc. Makes New $1 Million Investment in FS Credit Opportunities Corp. (NYSE:FSCO)

J.W. Cole Advisors Inc. purchased a new position in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 142,178 shares of the company's stock, valued at approximately $1,002,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in FS Credit Opportunities in the fourth quarter worth about $3,128,000. LPL Financial LLC lifted its stake in FS Credit Opportunities by 0.8% during the fourth quarter. LPL Financial LLC now owns 2,710,617 shares of the company's stock worth $18,486,000 after purchasing an additional 22,441 shares during the last quarter. Modern Wealth Management LLC acquired a new position in FS Credit Opportunities in the fourth quarter worth $1,220,000. Ausdal Financial Partners Inc. raised its holdings in shares of FS Credit Opportunities by 5.6% during the fourth quarter. Ausdal Financial Partners Inc. now owns 222,489 shares of the company's stock worth $1,517,000 after purchasing an additional 11,898 shares during the period. Finally, Maridea Wealth Management LLC bought a new stake in shares of FS Credit Opportunities during the 4th quarter valued at about $484,000. Hedge funds and other institutional investors own 36.37% of the company's stock.

FS Credit Opportunities Stock Down 0.6%

Shares of NYSE:FSCO traded down $0.05 during trading on Thursday, hitting $7.45. 742,886 shares of the company traded hands, compared to its average volume of 934,307. The business's fifty day moving average is $7.19 and its 200-day moving average is $6.98. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.57.

FS Credit Opportunities Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be given a $0.0678 dividend. This is a boost from FS Credit Opportunities's previous monthly dividend of $0.06. This represents a $0.81 annualized dividend and a yield of 10.93%. The ex-dividend date is Thursday, July 24th.

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.