Envestnet Asset Management Inc. Sells 992,588 Shares of FS Credit Opportunities Corp. $FSCO

Envestnet Asset Management Inc. cut its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 49.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,007,665 shares of the company’s stock after selling 992,588 shares during the period. Envestnet Asset Management Inc.’s holdings in FS Credit Opportunities were worth $6,963,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in FS Credit Opportunities by 15.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 708,043 shares of the company’s stock valued at $5,140,000 after buying an additional 92,641 shares during the period. Geneos Wealth Management Inc. increased its position in shares of FS Credit Opportunities by 74.9% in the second quarter. Geneos Wealth Management Inc. now owns 590,181 shares of the company’s stock valued at $4,285,000 after acquiring an additional 252,781 shares during the period. Financial Gravity Companies Inc. bought a new position in shares of FS Credit Opportunities during the second quarter valued at about $352,000. Delta Investment Management LLC boosted its holdings in shares of FS Credit Opportunities by 85.3% during the third quarter. Delta Investment Management LLC now owns 474,501 shares of the company’s stock worth $3,279,000 after purchasing an additional 218,438 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of FS Credit Opportunities in the second quarter worth about $1,321,000. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Down 4.7%

FSCO opened at $5.59 on Friday. The business has a 50 day simple moving average of $6.14 and a two-hundred day simple moving average of $6.60. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.65.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a dividend of $0.0678 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date is Friday, February 20th.

FS Credit Opportunities 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.