Cornerstone Wealth Management LLC Has $1.78 Million Stock Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Cornerstone Wealth Management LLC lifted its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,582 shares of the company’s stock after acquiring an additional 13,862 shares during the period. Cornerstone Wealth Management LLC owned approximately 0.08% of FS Credit Opportunities worth $1,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Advisors Asset Management Inc. boosted its stake in FS Credit Opportunities by 159.2% during the third quarter. Advisors Asset Management Inc. now owns 208,106 shares of the company’s stock worth $1,321,000 after buying an additional 127,815 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in FS Credit Opportunities by 689.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company’s stock worth $679,000 after buying an additional 93,363 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in FS Credit Opportunities during the second quarter worth $447,000. Consolidated Portfolio Review Corp boosted its stake in FS Credit Opportunities by 255.2% during the third quarter. Consolidated Portfolio Review Corp now owns 100,082 shares of the company’s stock worth $636,000 after buying an additional 71,909 shares in the last quarter. Finally, Vista Finance LLC boosted its stake in FS Credit Opportunities by 4.2% during the third quarter. Vista Finance LLC now owns 1,676,829 shares of the company’s stock worth $10,648,000 after buying an additional 66,961 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of NYSE FSCO opened at $6.96 on Friday. The business has a fifty day moving average of $6.75 and a two-hundred day moving average of $6.53. FS Credit Opportunities Corp. has a 52-week low of $5.61 and a 52-week high of $7.12.

FS Credit Opportunities Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.0645 dividend. This represents a $0.77 dividend on an annualized basis and a dividend 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.