Wagner Wealth Management LLC Reduces Position in FS Credit Opportunities Corp. $FSCO

Key Points

• Wagner Wealth Management LLC reduced its holdings in FS Credit Opportunities Corp. by 7.1%, selling 158,196 shares, resulting in ownership of approximately 2,070,702 shares.
• FS Credit Opportunities recently announced a dividend of $0.0678 per share, with a yield of 1,131.0%, to be paid on September 30th to investors of record on September 23rd.
• The stock opened at $6.59 and has a 52-week range of $5.29 to $7.65, reflecting a current market downturn of 2.8%.

Wagner Wealth Management LLC cut its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,070,702 shares of the company's stock after selling 158,196 shares during the period. FS Credit Opportunities accounts for approximately 3.4% of Wagner Wealth Management LLC's investment portfolio, making the stock its 11th biggest holding. Wagner Wealth Management LLC owned about 1.04% of FS Credit Opportunities worth $15,033,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FSCO. Financial Gravity Asset Management Inc. acquired a new stake in shares of FS Credit Opportunities during the 1st quarter worth approximately $342,000. Signal Advisors Wealth LLC acquired a new position in FS Credit Opportunities during the 2nd quarter valued at about $507,000. Crossmark Global Holdings Inc. acquired a new position in shares of FS Credit Opportunities in the first quarter worth about $155,000. Flagship Harbor Advisors LLC raised its stake in FS Credit Opportunities by 86.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 27,754 shares of the company's stock valued at $196,000 after purchasing an additional 12,883 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in FS Credit Opportunities by 729.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,228 shares of the company's stock worth $765,000 after buying an additional 98,691 shares during the period. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Trading Down 2.8%

FS Credit Opportunities stock opened at $6.59 on Friday. FS Credit Opportunities Corp. has a 52 week low of $5.29 and a 52 week high of $7.65. The stock has a 50-day simple moving average of $7.38 and a 200 day simple moving average of $7.12.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a sep 25 dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.0678 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a yield of 1,131.0%.

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.

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