Mercer Global Advisors Inc. ADV Acquires 6,000 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,639 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in FS Credit Opportunities were worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Spire Wealth Management purchased a new position in FS Credit Opportunities during the fourth quarter valued at $39,000. US Bancorp DE bought a new position in shares of FS Credit Opportunities in the 4th quarter worth about $49,000. PSI Advisors LLC lifted its position in FS Credit Opportunities by 118.5% during the 4th quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after acquiring an additional 4,146 shares during the period. Private Portfolio Partners LLC bought a new stake in FS Credit Opportunities during the fourth quarter worth about $72,000. Finally, Bravias Capital Group LLC purchased a new stake in FS Credit Opportunities in the fourth quarter worth about $73,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Up 0.7%

FSCO stock opened at $7.20 on Wednesday. The firm has a 50 day moving average price of $6.80 and a 200-day moving average price of $6.79. FS Credit Opportunities Corp. has a 52-week low of $5.29 and a 52-week high of $7.22.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be issued a $0.0645 dividend. This represents a $0.77 annualized dividend and a yield of 10.75%. The ex-dividend date of this dividend is Thursday, May 22nd.

Insider Transactions at FS Credit Opportunities

In other news, Director Keith Bethel purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $139,200. This trade represents a 33.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

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.