First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Reaches New 52-Week Low – What’s Next?

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $19.89 and last traded at $19.92, with a volume of 1072919 shares traded. The stock had previously closed at $19.97.

First Trust Structured Credit Income Opportunities ETF Price Performance

The business has a 50 day simple moving average of $20.37 and a 200 day simple moving average of $20.55. The stock has a market cap of $549.17 million, a PE ratio of -263.75 and a beta of 0.09.

Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF

Several large investors have recently made changes to their positions in SCIO. Kestra Advisory Services LLC increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 2,317.8% during the 1st quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock worth $11,727,000 after purchasing an additional 544,687 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 1st quarter valued at $8,006,000. Beaumont Financial Advisors LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 1st quarter valued at $7,243,000. Capital Investment Counsel LLC boosted its holdings in First Trust Structured Credit Income Opportunities ETF by 305.8% in the first quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock worth $9,396,000 after purchasing an additional 343,046 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in First Trust Structured Credit Income Opportunities ETF by 497.2% in the first quarter. First Trust Advisors LP now owns 251,837 shares of the company’s stock worth $5,198,000 after purchasing an additional 209,664 shares in the last quarter. Institutional investors own 0.83% of the company’s stock.

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.