Smallwood Wealth Investment Management LLC Sells 5,290 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Smallwood Wealth Investment Management LLC reduced its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 7.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,720 shares of the company’s stock after selling 5,290 shares during the quarter. Smallwood Wealth Investment Management LLC’s holdings in FS Credit Opportunities were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of FS Credit Opportunities by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,854,560 shares of the company’s stock worth $11,814,000 after purchasing an additional 64,734 shares during the last quarter. Sea Otter Advisors LLC purchased a new position in FS Credit Opportunities during the second quarter valued at approximately $382,000. Creative Planning boosted its stake in shares of FS Credit Opportunities by 2.5% in the second quarter. Creative Planning now owns 117,475 shares of the company’s stock worth $748,000 after acquiring an additional 2,816 shares during the period. Sanctuary Advisors LLC purchased a new stake in FS Credit Opportunities during the 2nd quarter valued at approximately $447,000. Finally, Capital CS Group LLC lifted its stake in FS Credit Opportunities by 33.8% in the 3rd quarter. Capital CS Group LLC now owns 17,773 shares of the company’s stock worth $113,000 after purchasing an additional 4,488 shares in the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Price Performance

FSCO stock opened at $7.07 on Friday. The firm has a fifty day moving average price of $6.74 and a 200 day moving average price of $6.52. FS Credit Opportunities Corp. has a fifty-two week low of $5.61 and a fifty-two week high of $7.12.

FS Credit Opportunities Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.0645 dividend. This represents a $0.77 annualized dividend and a yield of 10.96%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from FS Credit Opportunities’s previous monthly dividend of $0.06.

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.