Cornerstone Wealth Management LLC Purchases 13,862 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Cornerstone Wealth Management LLC raised its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 261,582 shares of the company’s stock after acquiring an additional 13,862 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in FS Credit Opportunities were worth $1,784,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FSCO. Vista Finance LLC increased its stake in shares of FS Credit Opportunities by 4.2% in the 3rd quarter. Vista Finance LLC now owns 1,676,829 shares of the company’s stock valued at $10,648,000 after acquiring an additional 66,961 shares during the last quarter. Ellis Investment Partners LLC increased its stake in shares of FS Credit Opportunities by 1.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 799,004 shares of the company’s stock valued at $5,074,000 after acquiring an additional 8,447 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of FS Credit Opportunities by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 781,108 shares of the company’s stock valued at $4,960,000 after acquiring an additional 10,853 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of FS Credit Opportunities by 31.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 257,708 shares of the company’s stock valued at $1,636,000 after acquiring an additional 61,103 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of FS Credit Opportunities by 159.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 208,106 shares of the company’s stock valued at $1,321,000 after acquiring an additional 127,815 shares during the last quarter. 36.37% of the stock is currently owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Down 1.5 %

Shares of FSCO stock opened at $6.96 on Friday. The stock has a 50-day moving average of $6.75 and a 200-day moving average of $6.53. FS Credit Opportunities Corp. has a one year low of $5.61 and a one year high of $7.12.

FS Credit Opportunities Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a yield of 11.13%. This is a boost from FS Credit Opportunities’s previous monthly dividend of $0.06. The ex-dividend date is Friday, January 24th.

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.