Kestra Advisory Services LLC Decreases Stake in FS Credit Opportunities Corp. $FSCO

Key Points

• Kestra Advisory Services LLC reduced its stake in FS Credit Opportunities Corp. by 9.2%, now holding 671,532 shares valued at approximately $4.7 million.
• Other hedge funds have also adjusted their positions in FSCO, including significant new investments from Blackstone Inc. and Bensler LLC.
• FS Credit Opportunities Corp. announced a monthly dividend of $0.0678 per share, yielding an annualized return of 11.1% for shareholders.

Kestra Advisory Services LLC lessened its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 9.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 671,532 shares of the company's stock after selling 67,831 shares during the quarter. Kestra Advisory Services LLC owned about 0.20% of FS Credit Opportunities worth $4,734,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FSCO. Global Assets Advisory LLC purchased a new position in shares of FS Credit Opportunities in the 1st quarter valued at approximately $77,000. Curran Financial Partners LLC purchased a new position in shares of FS Credit Opportunities in the 1st quarter valued at approximately $78,000. Freestate Advisors LLC purchased a new position in shares of FS Credit Opportunities in the 1st quarter valued at approximately $85,000. Andina Capital Management LLC purchased a new position in shares of FS Credit Opportunities in the 1st quarter valued at approximately $85,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of FS Credit Opportunities in the 1st quarter valued at approximately $87,000. Hedge funds and other institutional investors own 36.37% of the company's stock.

FS Credit Opportunities Trading Down 0.3%

Shares of FSCO stock traded down $0.03 during midday trading on Monday, hitting $7.50. The company had a trading volume of 1,071,943 shares, compared to its average volume of 911,912. The company's 50 day simple moving average is $7.34 and its 200 day simple moving average is $7.08. FS Credit Opportunities Corp. has a 52-week low of $5.29 and a 52-week high of $7.65.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 22nd were paid a $0.0678 dividend. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date was Friday, August 22nd.

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.