Cetera Investment Advisers Reduces Stock Position in FS Credit Opportunities Corp. $FSCO

Cetera Investment Advisers cut its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,508,234 shares of the company’s stock after selling 32,611 shares during the quarter. Cetera Investment Advisers’ holdings in FS Credit Opportunities were worth $18,210,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FSCO. Allworth Financial LP grew its holdings in FS Credit Opportunities by 3.0% during the 2nd quarter. Allworth Financial LP now owns 50,691 shares of the company’s stock valued at $368,000 after buying an additional 1,500 shares in the last quarter. Summit X LLC boosted its position in shares of FS Credit Opportunities by 71.3% in the second quarter. Summit X LLC now owns 47,658 shares of the company’s stock valued at $346,000 after acquiring an additional 19,829 shares during the period. Prospera Financial Services Inc purchased a new position in FS Credit Opportunities during the second quarter valued at approximately $327,000. AE Wealth Management LLC grew its stake in FS Credit Opportunities by 38.8% during the second quarter. AE Wealth Management LLC now owns 21,821 shares of the company’s stock valued at $158,000 after acquiring an additional 6,099 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in FS Credit Opportunities by 31.4% during the 2nd quarter. Golden State Wealth Management LLC now owns 55,064 shares of the company’s stock worth $400,000 after acquiring an additional 13,166 shares during the period. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Down 0.2%

NYSE FSCO opened at $6.31 on Wednesday. The company’s 50 day simple moving average is $6.77 and its two-hundred day simple moving average is $7.09. FS Credit Opportunities Corp. has a 1 year low of $5.29 and a 1 year high of $7.65.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be given a $0.0678 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Thursday, November 20th.

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.