Thomas J. Herzfeld Advisors Inc. Has $22.17 Million Stake in FS Credit Opportunities Corp. $FSCO

Key Points

• Thomas J. Herzfeld Advisors Inc. reduced its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 2.9% to 3,144,864 shares, representing approximately 7.5% of its portfolio.
• FS Credit Opportunities Corp. announced a monthly dividend of $0.0678, translating to an annualized yield of 10.9%, with the ex-dividend date set for August 22nd.
• Institutional investors currently hold 36.37% of FS Credit Opportunities shares, with several firms like Compound Planning Inc. and Raymond James Financial Inc. increasing their stakes in the first quarter.

Thomas J. Herzfeld Advisors Inc. cut its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,144,864 shares of the company's stock after selling 92,385 shares during the period. FS Credit Opportunities comprises approximately 7.5% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 2nd biggest position. Thomas J. Herzfeld Advisors Inc. owned 0.92% of FS Credit Opportunities worth $22,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Compound Planning Inc. increased its holdings in shares of FS Credit Opportunities by 17.1% during the first quarter. Compound Planning Inc. now owns 80,977 shares of the company's stock worth $571,000 after buying an additional 11,828 shares in the last quarter. Andina Capital Management LLC acquired a new position in shares of FS Credit Opportunities during the first quarter worth $85,000. Raymond James Financial Inc. increased its holdings in shares of FS Credit Opportunities by 7.9% during the first quarter. Raymond James Financial Inc. now owns 495,048 shares of the company's stock worth $3,490,000 after buying an additional 36,394 shares in the last quarter. Invesco Ltd. increased its holdings in shares of FS Credit Opportunities by 10.3% during the first quarter. Invesco Ltd. now owns 220,419 shares of the company's stock worth $1,554,000 after buying an additional 20,610 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of FS Credit Opportunities during the first quarter worth $87,000. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Trading Up 0.1%

Shares of NYSE:FSCO opened at $7.4650 on Monday. The company has a fifty day moving average of $7.31 and a 200-day moving average of $7.06. FS Credit Opportunities Corp. has a 52-week low of $5.29 and a 52-week high of $7.65.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 22nd will be issued a $0.0678 dividend. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Friday, August 22nd.

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.

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