Wagner Wealth Management LLC Acquires 3,080,389 Shares of FS Credit Opportunities Corp. $FSCO

Wagner Wealth Management LLC raised its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 781.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,474,655 shares of the company’s stock after acquiring an additional 3,080,389 shares during the quarter. FS Credit Opportunities comprises 3.6% of Wagner Wealth Management LLC’s portfolio, making the stock its 9th largest position. Wagner Wealth Management LLC owned approximately 1.75% of FS Credit Opportunities worth $17,721,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth lifted its stake in shares of FS Credit Opportunities by 5.0% in the 1st quarter. Focus Partners Wealth now owns 80,960 shares of the company’s stock valued at $571,000 after purchasing an additional 3,839 shares during the period. Invesco Ltd. grew its stake in shares of FS Credit Opportunities by 40.5% during the second quarter. Invesco Ltd. now owns 309,787 shares of the company’s stock worth $2,249,000 after purchasing an additional 89,368 shares during the period. First Trust Advisors LP increased its holdings in FS Credit Opportunities by 1.6% in the second quarter. First Trust Advisors LP now owns 411,026 shares of the company’s stock valued at $2,984,000 after purchasing an additional 6,603 shares during the last quarter. Baird Financial Group Inc. bought a new stake in FS Credit Opportunities in the second quarter valued at about $647,000. Finally, Raymond James Financial Inc. increased its holdings in FS Credit Opportunities by 6.8% in the second quarter. Raymond James Financial Inc. now owns 528,526 shares of the company’s stock valued at $3,837,000 after purchasing an additional 33,478 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of FSCO opened at $4.95 on Wednesday. FS Credit Opportunities Corp. has a 1 year low of $4.13 and a 1 year high of $7.65. The stock’s 50-day moving average price is $5.00 and its two-hundred day moving average price is $5.43.

FS Credit Opportunities (NYSE:FSCO) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.11 EPS for the quarter. The company had revenue of $57.34 million during the quarter.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.0583 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 14.1%.

FS Credit Opportunities Profile

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.