Modern Wealth Management LLC Invests $1.22 Million in FS Credit Opportunities Corp. (NYSE:FSCO)

Modern Wealth Management LLC purchased a new position in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 174,831 shares of the company's stock, valued at approximately $1,220,000. Modern Wealth Management LLC owned 0.05% of FS Credit Opportunities at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Spire Wealth Management bought a new stake in shares of FS Credit Opportunities in the fourth quarter worth about $39,000. US Bancorp DE bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth approximately $49,000. PSI Advisors LLC increased its stake in shares of FS Credit Opportunities by 118.5% during the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company's stock valued at $52,000 after buying an additional 4,146 shares during the period. Truvestments Capital LLC bought a new position in shares of FS Credit Opportunities during the third quarter valued at approximately $52,000. Finally, Nwam LLC purchased a new stake in FS Credit Opportunities in the third quarter worth $66,000. Institutional investors own 36.37% of the company's stock.

FS Credit Opportunities Stock Up 0.5 %

FS Credit Opportunities stock traded up $0.04 during mid-day trading on Friday, reaching $7.07. 832,000 shares of the company traded hands, compared to its average volume of 714,795. The firm's 50 day moving average price is $6.97 and its 200 day moving average price is $6.74. FS Credit Opportunities Corp. has a 52-week low of $5.66 and a 52-week high of $7.16.

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FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be paid a $0.0645 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date is Monday, March 24th.

Insiders Place Their Bets

In other FS Credit Opportunities news, Director Keith Bethel bought 5,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $139,200. This trade represents a 33.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.

FS Credit Opportunities 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.