Wagner Wealth Management LLC Has $23.54 Million Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Wagner Wealth Management LLC cut its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,451,786 shares of the company’s stock after selling 54,727 shares during the period. FS Credit Opportunities accounts for 6.1% of Wagner Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Wagner Wealth Management LLC owned 1.01% of FS Credit Opportunities worth $23,541,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. AlphaStar Capital Management LLC lifted its holdings in shares of FS Credit Opportunities by 7.8% during the fourth quarter. AlphaStar Capital Management LLC now owns 92,301 shares of the company’s stock worth $629,000 after purchasing an additional 6,658 shares during the period. Apollon Wealth Management LLC lifted its position in shares of FS Credit Opportunities by 781.3% during the 4th quarter. Apollon Wealth Management LLC now owns 224,553 shares of the company’s stock worth $1,531,000 after buying an additional 199,072 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in FS Credit Opportunities in the fourth quarter worth $262,000. Consolidated Portfolio Review Corp grew its stake in FS Credit Opportunities by 1.8% in the 4th quarter. Consolidated Portfolio Review Corp now owns 101,909 shares of the company’s stock valued at $695,000 after purchasing an additional 1,827 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in FS Credit Opportunities by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company’s stock worth $2,299,000 after buying an additional 2,888 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of FS Credit Opportunities stock opened at $6.91 on Monday. The company’s 50-day moving average price is $6.80 and its 200-day moving average price is $6.56. FS Credit Opportunities Corp. has a 12-month low of $5.61 and a 12-month high of $7.12.

FS Credit Opportunities Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date was Friday, January 24th. This is an increase from FS Credit Opportunities’s previous monthly dividend of $0.06.

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.