Foundations Investment Advisors LLC Trims Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Foundations Investment Advisors LLC cut its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,501 shares of the company’s stock after selling 3,586 shares during the period. Foundations Investment Advisors LLC’s holdings in FS Credit Opportunities were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FSCO. Creative Planning lifted its stake in FS Credit Opportunities by 2.5% in the second quarter. Creative Planning now owns 117,475 shares of the company’s stock worth $748,000 after acquiring an additional 2,816 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of FS Credit Opportunities in the 2nd quarter worth approximately $447,000. Capital CS Group LLC boosted its stake in shares of FS Credit Opportunities by 33.8% during the third quarter. Capital CS Group LLC now owns 17,773 shares of the company’s stock valued at $113,000 after purchasing an additional 4,488 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in FS Credit Opportunities during the third quarter valued at approximately $412,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in FS Credit Opportunities by 74.9% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 22,976 shares of the company’s stock valued at $146,000 after buying an additional 9,842 shares during the period. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Performance

FS Credit Opportunities stock opened at $6.80 on Friday. The business has a fifty day moving average of $6.79 and a two-hundred day moving average of $6.54. FS Credit Opportunities Corp. has a twelve month low of $5.61 and a twelve month high of $7.12.

FS Credit Opportunities Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were paid a dividend of $0.0645 per share. This is a boost from FS Credit Opportunities’s previous monthly dividend of $0.06. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.38%. The ex-dividend date of this dividend was Friday, January 24th.

About FS Credit Opportunities

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.