Concord Wealth Partners Raises Stock Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Concord Wealth Partners raised its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 41.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,325 shares of the company’s stock after purchasing an additional 46,258 shares during the period. Concord Wealth Partners’ holdings in FS Credit Opportunities were worth $752,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FSCO. Annapolis Financial Services LLC lifted its holdings in FS Credit Opportunities by 50.0% in the 2nd quarter. Annapolis Financial Services LLC now owns 6,696 shares of the company’s stock valued at $32,000 after purchasing an additional 2,232 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in FS Credit Opportunities by 50.0% during the second quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock worth $37,000 after acquiring an additional 2,591 shares during the last quarter. Larson Financial Group LLC boosted its position in FS Credit Opportunities by 50.0% during the second quarter. Larson Financial Group LLC now owns 8,268 shares of the company’s stock worth $39,000 after acquiring an additional 2,756 shares during the last quarter. CVA Family Office LLC grew its stake in FS Credit Opportunities by 50.0% during the 2nd quarter. CVA Family Office LLC now owns 9,156 shares of the company’s stock valued at $43,000 after acquiring an additional 3,052 shares in the last quarter. Finally, Apella Capital LLC acquired a new stake in FS Credit Opportunities in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 29.99% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of FS Credit Opportunities stock traded up $0.03 on Monday, hitting $5.55. 241,080 shares of the company were exchanged, compared to its average volume of 650,504. The stock’s 50-day moving average is $5.35. FS Credit Opportunities Corp. has a 1-year low of $3.80 and a 1-year high of $5.97.

FS Credit Opportunities Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 23rd were issued a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 12.32%. The ex-dividend date was Friday, October 20th.

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.