Sequoia Financial Advisors LLC Trims Stock Holdings in FS Credit Opportunities Corp. $FSCO

Sequoia Financial Advisors LLC reduced its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 10.4% during the 2nd quarter, Holdings Channel reports. The fund owned 73,989 shares of the company’s stock after selling 8,549 shares during the period. Sequoia Financial Advisors LLC’s holdings in FS Credit Opportunities were worth $537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ellis Investment Partners LLC lifted its position in shares of FS Credit Opportunities by 1.6% in the second quarter. Ellis Investment Partners LLC now owns 829,909 shares of the company’s stock valued at $6,025,000 after acquiring an additional 13,260 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of FS Credit Opportunities by 33.6% in the second quarter. Concurrent Investment Advisors LLC now owns 85,695 shares of the company’s stock valued at $622,000 after acquiring an additional 21,571 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of FS Credit Opportunities by 5.4% in the second quarter. Apollon Wealth Management LLC now owns 248,213 shares of the company’s stock valued at $1,802,000 after acquiring an additional 12,708 shares in the last quarter. IFP Advisors Inc lifted its position in shares of FS Credit Opportunities by 12.0% in the second quarter. IFP Advisors Inc now owns 56,171 shares of the company’s stock valued at $408,000 after acquiring an additional 6,005 shares in the last quarter. Finally, Tyche Wealth Partners LLC purchased a new stake in shares of FS Credit Opportunities in the second quarter valued at $88,000. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Trading Down 1.5%

NYSE FSCO opened at $6.42 on Monday. The business’s 50-day moving average price is $7.18 and its 200 day moving average price is $7.10. FS Credit Opportunities Corp. has a twelve month low of $5.29 and a twelve month high of $7.65.

FS Credit Opportunities Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be given a dividend of $0.0678 per share. The ex-dividend date is Thursday, November 20th. This represents a c) annualized dividend and a yield of 12.7%.

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.