Commonwealth Equity Services LLC Sells 1,025,851 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Commonwealth Equity Services LLC lowered its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,183,502 shares of the company's stock after selling 1,025,851 shares during the period. Commonwealth Equity Services LLC owned 2.97% of FS Credit Opportunities worth $69,451,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FSCO. Advisors Asset Management Inc. lifted its holdings in FS Credit Opportunities by 159.2% in the third quarter. Advisors Asset Management Inc. now owns 208,106 shares of the company's stock worth $1,321,000 after purchasing an additional 127,815 shares during the period. Jane Street Group LLC lifted its holdings in FS Credit Opportunities by 71.1% in the 3rd quarter. Jane Street Group LLC now owns 24,309 shares of the company's stock valued at $154,000 after acquiring an additional 10,103 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in FS Credit Opportunities in the 4th quarter valued at about $82,000. PFG Investments LLC lifted its holdings in 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 acquiring an additional 78,570 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in 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 acquiring an additional 93,363 shares during the last quarter. Institutional investors own 36.37% of the company's stock.

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FS Credit Opportunities Price Performance

NYSE FSCO traded down $0.07 on Tuesday, hitting $6.96. 737,605 shares of the company were exchanged, compared to its average volume of 849,288. The company's 50 day moving average price is $6.94 and its 200-day moving average price is $6.70. FS Credit Opportunities Corp. has a twelve month low of $5.66 and a twelve month high of $7.12.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be issued a $0.0645 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.13%.

Insider Activity

In related news, Director Keith Bethel bought 5,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $6.96 per share, with a total value of $34,800.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

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.