Wagner Wealth Management LLC lifted its holdings in FS Credit Opportunities Corp. (NYSE:FSCO – Free Report) by 781.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,474,655 shares of the company’s stock after buying an additional 3,080,389 shares during the quarter. FS Credit Opportunities makes up about 3.6% of Wagner Wealth Management LLC’s holdings, making the stock its 9th largest holding. Wagner Wealth Management LLC’s holdings in FS Credit Opportunities were worth $17,721,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new position in FS Credit Opportunities in the first quarter valued at approximately $29,000. Advocate Investing Services LLC acquired a new stake in shares of FS Credit Opportunities during the fourth quarter worth $43,000. Jessup Wealth Management Inc bought a new stake in FS Credit Opportunities in the 4th quarter valued at $50,000. Larson Financial Group LLC boosted its stake in FS Credit Opportunities by 73.1% in the 4th quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock worth $51,000 after purchasing an additional 3,450 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in FS Credit Opportunities by 50.6% in the 4th quarter. Farther Finance Advisors LLC now owns 9,579 shares of the company’s stock worth $60,000 after purchasing an additional 3,219 shares during the period. 36.37% of the stock is currently owned by institutional investors and hedge funds.
FS Credit Opportunities Trading Up 0.4%
FSCO stock opened at $4.95 on Wednesday. The stock has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $5.43. FS Credit Opportunities Corp. has a 1 year low of $4.13 and a 1 year high of $7.65.
FS Credit Opportunities Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.0583 per share. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.
About FS Credit Opportunities
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.
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Want to see what other hedge funds are holding FSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS Credit Opportunities Corp. (NYSE:FSCO – Free Report).
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