Cetera Investment Advisers Sells 644,289 Shares of FS Credit Opportunities Corp. $FSCO

Cetera Investment Advisers trimmed its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 22.1% in the 1st quarter, HoldingsChannel reports. The firm owned 2,264,663 shares of the company’s stock after selling 644,289 shares during the quarter. Cetera Investment Advisers’ holdings in FS Credit Opportunities were worth $11,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wagner Wealth Management LLC boosted its stake in shares of FS Credit Opportunities by 781.3% during the 1st quarter. Wagner Wealth Management LLC now owns 3,474,655 shares of the company’s stock valued at $17,721,000 after purchasing an additional 3,080,389 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in FS Credit Opportunities by 97.2% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,899,781 shares of the company’s stock worth $11,969,000 after buying an additional 936,272 shares in the last quarter. Matisse Capital bought a new position in FS Credit Opportunities in the fourth quarter worth about $5,657,000. Independent Financial Group LLC purchased a new stake in FS Credit Opportunities in the first quarter worth about $3,997,000. Finally, &PARTNERS lifted its holdings in FS Credit Opportunities by 3,103.3% in the fourth quarter. &PARTNERS now owns 516,757 shares of the company’s stock worth $3,256,000 after buying an additional 500,625 shares during the period. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Down 0.3%

FS Credit Opportunities stock opened at $4.92 on Thursday. The stock’s 50 day simple moving average is $4.90 and its two-hundred day simple moving average is $5.24. FS Credit Opportunities Corp. has a fifty-two week low of $4.13 and a fifty-two week high of $7.65.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.0583 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date is Friday, July 24th.

FS Credit Opportunities Company 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.