Naviter Wealth LLC Reduces Holdings in FS Credit Opportunities Corp. $FSCO

Naviter Wealth LLC trimmed its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 39.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,800 shares of the company’s stock after selling 18,000 shares during the quarter. Naviter Wealth LLC’s holdings in FS Credit Opportunities were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in FS Credit Opportunities by 0.7% in the first quarter. LPL Financial LLC now owns 2,730,010 shares of the company’s stock worth $19,247,000 after acquiring an additional 19,393 shares during the period. Envestnet Asset Management Inc. lifted its stake in FS Credit Opportunities by 8.9% in the first quarter. Envestnet Asset Management Inc. now owns 1,909,783 shares of the company’s stock worth $13,464,000 after acquiring an additional 156,078 shares during the period. Ellis Investment Partners LLC lifted its stake in FS Credit Opportunities by 1.6% in the second quarter. Ellis Investment Partners LLC now owns 829,909 shares of the company’s stock worth $6,025,000 after acquiring an additional 13,260 shares during the period. Geneos Wealth Management Inc. lifted its stake in FS Credit Opportunities by 91.1% in the first quarter. Geneos Wealth Management Inc. now owns 630,813 shares of the company’s stock worth $4,771,000 after acquiring an additional 300,660 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in FS Credit Opportunities by 20.0% in the first quarter. Advisors Asset Management Inc. now owns 615,402 shares of the company’s stock worth $4,339,000 after purchasing an additional 102,394 shares in the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Trading Down 0.2%

Shares of FS Credit Opportunities stock opened at $6.50 on Wednesday. The company has a 50-day simple moving average of $7.24 and a two-hundred day simple moving average of $7.11. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.65.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.0678 per share. The ex-dividend date is Thursday, November 20th. This represents a c) annualized dividend and a dividend yield of 12.5%.

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.