FS Credit Opportunities Corp. $FSCO Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lowered its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 63.6% during the third quarter, Holdings Channel reports. The firm owned 71,693 shares of the company’s stock after selling 125,253 shares during the period. Arete Wealth Advisors LLC’s holdings in FS Credit Opportunities were worth $495,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Focus Partners Wealth grew its position in shares of FS Credit Opportunities by 5.0% in the 1st quarter. Focus Partners Wealth now owns 80,960 shares of the company’s stock valued at $571,000 after buying an additional 3,839 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in FS Credit Opportunities by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,000,253 shares of the company’s stock valued at $14,522,000 after acquiring an additional 90,470 shares in the last quarter. World Investment Advisors purchased a new position in shares of FS Credit Opportunities during the second quarter worth about $86,000. Arkadios Wealth Advisors increased its position in shares of FS Credit Opportunities by 38.6% during the second quarter. Arkadios Wealth Advisors now owns 98,864 shares of the company’s stock worth $718,000 after purchasing an additional 27,522 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in shares of FS Credit Opportunities by 21.8% during the second quarter. GPS Wealth Strategies Group LLC now owns 20,288 shares of the company’s stock worth $147,000 after purchasing an additional 3,636 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Insider Buying and Selling at FS Credit Opportunities

In other news, insider Michael C. Forman acquired 38,549 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was acquired at an average cost of $5.20 per share, with a total value of $200,454.80. Following the completion of the acquisition, the insider owned 44,312 shares of the company’s stock, valued at $230,422.40. The trade was a 668.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

FS Credit Opportunities Price Performance

FS Credit Opportunities stock opened at $5.11 on Wednesday. FS Credit Opportunities Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $7.65. The stock has a 50-day simple moving average of $6.01 and a 200-day simple moving average of $6.48.

FS Credit Opportunities Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.0678 dividend. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 15.9%.

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.