FS Investment Corporation (FSIC) : Strategic Wealth Advisors Groupinc. added new position in FS Investment Corporation during the most recent quarter end. The investment management firm now holds 441,410 shares of FS Investment Corporation which is valued at $3.9 Million , the company said in a statement filed on May 25, 2016 with the SEC.FS Investment Corporation makes up approximately 1.25% of Strategic Wealth Advisors Groupinc.’s portfolio.
Other Hedge Funds, Including , M Holdings Securities boosted its stake in FSIC in the latest quarter, The investment management firm added 9,156 additional shares and now holds a total of 27,435 shares of FS Investment Corporation which is valued at $244,720. FS Investment Corporation makes up approx 0.15% of M Holdings Securities’s portfolio. Sanctuary Wealth Advisors sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 5,062 shares of FSIC which is valued $44,951. Interocean Capital sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 28,965 shares of FSIC which is valued $257,209.Cetera Advisors reduced its stake in FSIC by selling 163,920 shares or 9.31% in the most recent quarter. The Hedge Fund company now holds 1,596,000 shares of FSIC which is valued at $14.4 Million. FS Investment Corporation makes up approx 1.21% of Cetera Advisors’s portfolio.Assetmark Inc reduced its stake in FSIC by selling 12,666 shares or 70.55% in the most recent quarter. The Hedge Fund company now holds 5,287 shares of FSIC which is valued at $47,847.
FS Investment Corporation opened for trading at $8.85 and hit $8.93 on the upside on Wednesday, eventually ending the session at $8.92, with a gain of 0.79% or 0.07 points. The heightened volatility saw the trading volume jump to 5,64,500 shares. Company has a market cap of $2,172 M.
FS Investment Corporation is a non-diversified closed-end management investment company. The Company’s investment objectives are to generate current income and a long-term capital appreciation. Its portfolio consists of investments in senior secured loans and second lien secured loans of private middle market United States companies and subordinated loans of private United States companies. The Company focuses on purchasing interests in loans or making other debt investments including investments in senior secured bonds through secondary market transactions in the over-the-counter market or directly from companies it is focused on as primary market or directly originated investments. It also focuses on purchasing interests in the form of common or preferred equity or the equity-related securities. Its investment activities are managed by FB Income Advisor LLC. FB Advisor has engaged GSO/Blackstone Debt Funds Management LLC (GDFM) to act as its investment sub-adviser.