Kingswood Wealth Advisors LLC Decreases Holdings in FS Credit Opportunities Corp. $FSCO

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in FS Credit Opportunities Corp. by 83.3%, now holding 48,349 shares worth approximately $351,000.
• FS Credit Opportunities Corp. has declared a monthly dividend of $0.0678, which translates to an annualized yield of 11.8%, with payments set for November 28th.
• The stock has a 1-year range between a low of $5.29 and a high of $7.65, currently trading at $6.89.

Kingswood Wealth Advisors LLC trimmed its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 83.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,349 shares of the company's stock after selling 241,745 shares during the period. Kingswood Wealth Advisors LLC's holdings in FS Credit Opportunities were worth $351,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of FS Credit Opportunities by 0.7% during the 1st quarter. LPL Financial LLC now owns 2,730,010 shares of the company's stock valued at $19,247,000 after buying an additional 19,393 shares in the last quarter. Vista Finance LLC raised its holdings in shares of FS Credit Opportunities by 14.3% during the 1st quarter. Vista Finance LLC now owns 1,955,812 shares of the company's stock valued at $13,788,000 after buying an additional 244,793 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of FS Credit Opportunities by 8.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,909,783 shares of the company's stock valued at $13,464,000 after buying an additional 156,078 shares in the last quarter. Ellis Investment Partners LLC raised its holdings in shares of FS Credit Opportunities by 0.5% during the 1st quarter. Ellis Investment Partners LLC now owns 816,649 shares of the company's stock valued at $5,757,000 after buying an additional 4,021 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of FS Credit Opportunities by 91.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 630,813 shares of the company's stock valued at $4,771,000 after buying an additional 300,660 shares in the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Price Performance

Shares of NYSE FSCO opened at $6.89 on Friday. FS Credit Opportunities Corp. has a 1-year low of $5.29 and a 1-year high of $7.65. The stock's 50-day moving average is $7.28 and its 200 day moving average is $7.12.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 20th will be paid a $0.0678 dividend. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Thursday, November 20th.

About FS Credit Opportunities

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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