Wagner Wealth Management LLC Sells 1,615,987 Shares of FS Credit Opportunities Corp. $FSCO

Wagner Wealth Management LLC lessened its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 78.0% during the 3rd quarter, Holdings Channel reports. The fund owned 454,715 shares of the company’s stock after selling 1,615,987 shares during the period. FS Credit Opportunities comprises approximately 0.7% of Wagner Wealth Management LLC’s holdings, making the stock its 27th largest position. Wagner Wealth Management LLC’s holdings in FS Credit Opportunities were worth $3,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in FS Credit Opportunities in the second quarter valued at about $35,000. Mather Group LLC. bought a new stake in shares of FS Credit Opportunities in the 3rd quarter valued at about $38,000. NWF Advisory Services Inc. bought a new stake in shares of FS Credit Opportunities in the 2nd quarter valued at about $75,000. Second Line Capital LLC purchased a new position in shares of FS Credit Opportunities in the 2nd quarter worth approximately $83,000. Finally, World Investment Advisors bought a new position in shares of FS Credit Opportunities during the 2nd quarter worth approximately $86,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

NYSE:FSCO opened at $6.30 on Friday. FS Credit Opportunities Corp. has a 52 week low of $5.29 and a 52 week high of $7.65. The firm has a 50 day moving average of $6.28 and a 200 day moving average of $6.89.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Thursday, November 20th were issued a dividend of $0.0678 per share. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date was Thursday, November 20th.

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.