Choreo LLC Reduces Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Choreo LLC cut its position in FS Credit Opportunities Corp. (NYSE:FSCO) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,934 shares of the company’s stock after selling 17,982 shares during the period. Choreo LLC’s holdings in FS Credit Opportunities were worth $3,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of FSCO. Geneos Wealth Management Inc. purchased a new stake in shares of FS Credit Opportunities in the 4th quarter valued at approximately $2,252,000. Grimes & Company Inc. acquired a new position in shares of FS Credit Opportunities in the 4th quarter valued at $970,000. Advisors Asset Management Inc. boosted its holdings in shares of FS Credit Opportunities by 159.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 208,106 shares of the company’s stock valued at $1,321,000 after buying an additional 127,815 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of FS Credit Opportunities by 689.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company’s stock valued at $679,000 after buying an additional 93,363 shares in the last quarter. Finally, PFG Investments LLC boosted its holdings in shares of FS Credit Opportunities by 92.0% in the 4th quarter. PFG Investments LLC now owns 163,974 shares of the company’s stock valued at $1,118,000 after buying an additional 78,570 shares in the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Performance

Shares of FS Credit Opportunities stock opened at $6.89 on Friday. The company has a fifty day simple moving average of $6.80 and a 200-day simple moving average of $6.55. FS Credit Opportunities Corp. has a 12-month low of $5.61 and a 12-month high of $7.12.

FS Credit Opportunities Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were issued a $0.0645 dividend. This is a boost from FS Credit Opportunities’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.77 annualized dividend and a dividend yield of 11.24%.

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.