Ferguson Shapiro LLC Purchases 59,146 Shares of First Trust Structured Credit Income Opportunities ETF $SCIO

Ferguson Shapiro LLC grew its position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 7.6% during the first quarter, HoldingsChannel.com reports. The firm owned 837,868 shares of the company’s stock after buying an additional 59,146 shares during the quarter. First Trust Structured Credit Income Opportunities ETF accounts for approximately 5.3% of Ferguson Shapiro LLC’s investment portfolio, making the stock its 8th biggest holding. Ferguson Shapiro LLC owned approximately 0.05% of First Trust Structured Credit Income Opportunities ETF worth $17,294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Crux Wealth Advisors acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 4th quarter worth approximately $2,721,000. Delta Investment Management LLC raised its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 48.0% in the fourth quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock valued at $5,289,000 after purchasing an additional 82,519 shares during the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the fourth quarter valued at approximately $2,641,000. Brookstone Capital Management bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the fourth quarter worth $1,086,000. Finally, Farther Finance Advisors LLC boosted its holdings in First Trust Structured Credit Income Opportunities ETF by 290.8% during the fourth quarter. Farther Finance Advisors LLC now owns 50,130 shares of the company’s stock worth $1,043,000 after purchasing an additional 37,304 shares during the last quarter. 0.83% of the stock is owned by institutional investors and hedge funds.

First Trust Structured Credit Income Opportunities ETF Trading Down 0.2%

First Trust Structured Credit Income Opportunities ETF stock opened at $20.67 on Wednesday. First Trust Structured Credit Income Opportunities ETF has a 1-year low of $20.43 and a 1-year high of $21.69. The company has a fifty day simple moving average of $20.66 and a 200 day simple moving average of $20.75. The company has a market cap of $353.46 million, a P/E ratio of -272.99 and a beta of 0.07.

About First Trust Structured Credit Income Opportunities ETF

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.