Arkadios Wealth Advisors Boosts Stock Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Arkadios Wealth Advisors raised its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 15.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 71,342 shares of the company’s stock after acquiring an additional 9,611 shares during the period. Arkadios Wealth Advisors’ holdings in FS Credit Opportunities were worth $503,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Global Assets Advisory LLC purchased a new stake in FS Credit Opportunities during the first quarter valued at about $77,000. Curran Financial Partners LLC purchased a new stake in FS Credit Opportunities during the first quarter valued at about $78,000. Freestate Advisors LLC purchased a new stake in shares of FS Credit Opportunities during the first quarter worth about $85,000. Sunbelt Securities Inc. boosted its holdings in shares of FS Credit Opportunities by 101.4% during the fourth quarter. Sunbelt Securities Inc. now owns 13,140 shares of the company’s stock worth $88,000 after purchasing an additional 6,617 shares during the period. Finally, BridgePort Financial Solutions LLC purchased a new stake in shares of FS Credit Opportunities during the fourth quarter worth about $100,000. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Trading Up 1.5%

FS Credit Opportunities stock opened at $7.57 on Tuesday. The firm has a 50-day moving average of $7.24 and a 200-day moving average of $7.01. FS Credit Opportunities Corp. has a 1-year low of $5.29 and a 1-year high of $7.65.

FS Credit Opportunities Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th were issued a dividend of $0.0678 per share. This is an increase from FS Credit Opportunities’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date was Thursday, July 24th.

FS Credit Opportunities Company 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.