FS Credit Opportunities Corp. (NYSE:FSCO) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC trimmed its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,136 shares of the company’s stock after selling 9,505 shares during the quarter. Advisory Alpha LLC’s holdings in FS Credit Opportunities were worth $117,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FSCO. Truvestments Capital LLC bought a new stake in shares of FS Credit Opportunities in the 3rd quarter worth about $52,000. PSI Advisors LLC grew its stake in FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock worth $52,000 after purchasing an additional 4,146 shares in the last quarter. Nwam LLC bought a new stake in FS Credit Opportunities in the third quarter valued at about $66,000. Compass Ion Advisors LLC acquired a new stake in FS Credit Opportunities during the third quarter valued at approximately $81,000. Finally, Park Avenue Securities LLC bought a new position in FS Credit Opportunities during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Trading Down 1.5 %

Shares of NYSE FSCO opened at $6.96 on Friday. The business has a 50 day simple moving average of $6.75 and a 200-day simple moving average of $6.53. FS Credit Opportunities Corp. has a twelve month low of $5.61 and a twelve month high of $7.12.

FS Credit Opportunities Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.13%. This is a boost from FS Credit Opportunities’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, January 24th.

About FS Credit Opportunities

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.