Envestnet Asset Management Inc. Sells 992,588 Shares of FS Credit Opportunities Corp. $FSCO

Envestnet Asset Management Inc. trimmed its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 49.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,007,665 shares of the company’s stock after selling 992,588 shares during the period. Envestnet Asset Management Inc. owned approximately 0.51% of FS Credit Opportunities worth $6,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Wealth Management LLC grew its stake in FS Credit Opportunities by 2.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 307,682 shares of the company’s stock worth $2,126,000 after buying an additional 6,766 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of FS Credit Opportunities by 4.1% during the 3rd quarter. Golden State Wealth Management LLC now owns 57,319 shares of the company’s stock worth $396,000 after acquiring an additional 2,255 shares during the last quarter. Foundations Investment Advisors LLC grew its position in FS Credit Opportunities by 54.3% in the third quarter. Foundations Investment Advisors LLC now owns 47,352 shares of the company’s stock worth $327,000 after acquiring an additional 16,671 shares in the last quarter. AE Wealth Management LLC increased its stake in FS Credit Opportunities by 25.1% in the third quarter. AE Wealth Management LLC now owns 27,293 shares of the company’s stock valued at $189,000 after acquiring an additional 5,472 shares during the last quarter. Finally, NWF Advisory Services Inc. increased its stake in FS Credit Opportunities by 144.7% in the third quarter. NWF Advisory Services Inc. now owns 25,369 shares of the company’s stock valued at $175,000 after acquiring an additional 15,000 shares during the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Down 4.7%

Shares of FSCO stock opened at $5.59 on Friday. The business has a 50-day moving average price of $6.14 and a two-hundred day moving average price of $6.60. FS Credit Opportunities Corp. has a 12-month low of $5.29 and a 12-month high of $7.65.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.0678 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 14.6%.

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.