NewEdge Advisors LLC bought a new position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,589 shares of the company’s stock, valued at approximately $528,000.
A number of other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in First Trust Structured Credit Income Opportunities ETF by 45.0% in the 2nd quarter. First Trust Advisors LP now owns 39,091 shares of the company’s stock worth $808,000 after acquiring an additional 12,135 shares during the last quarter. Snowden Capital Advisors LLC bought a new position in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at approximately $1,687,000. Osaic Holdings Inc. bought a new position in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at approximately $25,000. Citadel Advisors LLC purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter valued at $533,000. Finally, IFP Advisors Inc purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.
First Trust Structured Credit Income Opportunities ETF Trading Down 0.5%
First Trust Structured Credit Income Opportunities ETF stock opened at $20.52 on Friday. First Trust Structured Credit Income Opportunities ETF has a 12 month low of $20.40 and a 12 month high of $21.69. The stock has a fifty day simple moving average of $20.61 and a two-hundred day simple moving average of $20.69. The firm has a market cap of $502.74 million, a price-to-earnings ratio of -271.01 and a beta of 0.07.
First Trust Structured Credit Income Opportunities ETF Company Profile
The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.
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