48,478 Shares in FS Credit Opportunities Corp. $FSCO Acquired by Financial Gravity Companies Inc.

Financial Gravity Companies Inc. purchased a new position in FS Credit Opportunities Corp. (NYSE:FSCO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,478 shares of the company’s stock, valued at approximately $352,000.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in shares of FS Credit Opportunities by 91.1% during the first 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 during the last quarter. Bank of New York Mellon Corp bought a new stake in FS Credit Opportunities in the 1st quarter valued at $1,889,000. Delta Investment Management LLC bought a new stake in FS Credit Opportunities in the 1st quarter valued at $1,306,000. Whalen Wealth Management Inc. purchased a new stake in FS Credit Opportunities in the 2nd quarter worth $1,149,000. Finally, Envestnet Asset Management Inc. boosted 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 purchasing an additional 156,078 shares during the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Down 2.9%

Shares of FSCO stock opened at $6.28 on Friday. FS Credit Opportunities Corp. has a 12-month low of $5.29 and a 12-month high of $7.65. The stock’s 50-day moving average price is $6.82 and its 200-day moving average price is $7.10.

FS Credit Opportunities Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 13.0%.

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.