MFA Wealth Services Takes Position in FS Credit Opportunities Corp. (NYSE:FSCO)

MFA Wealth Services purchased a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,414 shares of the company’s stock, valued at approximately $160,000.

A number of other large investors have also modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of FS Credit Opportunities by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,854,560 shares of the company’s stock worth $11,814,000 after buying an additional 64,734 shares in the last quarter. Vista Finance LLC lifted its position in shares of 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 purchasing an additional 66,961 shares during the last quarter. Ellis Investment Partners LLC increased its holdings in FS Credit Opportunities by 1.1% in the third quarter. Ellis Investment Partners LLC now owns 799,004 shares of the company’s stock valued at $5,074,000 after buying an additional 8,447 shares during the last quarter. Private Advisor Group LLC increased its holdings 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. Finally, Cornerstone Wealth Management LLC raised its position in shares of FS Credit Opportunities by 5.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 261,582 shares of the company’s stock valued at $1,784,000 after acquiring an additional 13,862 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Down 0.5 %

FS Credit Opportunities stock opened at $7.07 on Friday. FS Credit Opportunities Corp. has a 12 month low of $5.61 and a 12 month high of $7.12. The company has a fifty day moving average price of $6.74 and a two-hundred day moving average price of $6.52.

FS Credit Opportunities Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a $0.0645 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.77 dividend on an annualized basis and a yield of 10.96%. This is a boost from FS Credit Opportunities’s previous monthly dividend of $0.06.

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.