NewEdge Advisors LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 25,589 shares of the company’s stock, valued at approximately $528,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new position in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter worth about $25,000. Raleigh Capital Management Inc. bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth approximately $30,000. Torren Management LLC bought a new position in First Trust Structured Credit Income Opportunities ETF in the 1st quarter worth $39,000. IFP Advisors Inc purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the third quarter worth about $44,000. Finally, N.E.W. Advisory Services LLC lifted its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 38.3% in the fourth quarter. N.E.W. Advisory Services LLC now owns 10,022 shares of the company’s stock worth $208,000 after buying an additional 2,775 shares in the last quarter. 0.83% of the stock is owned by institutional investors.
First Trust Structured Credit Income Opportunities ETF Stock Up 0.2%
Shares of SCIO stock opened at $20.53 on Tuesday. The stock has a market cap of $502.99 million, a P/E ratio of -271.14 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a 52 week low of $20.40 and a 52 week high of $21.69. The company’s fifty day simple moving average is $20.62 and its two-hundred day simple moving average is $20.71.
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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Want to see what other hedge funds are holding SCIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Free Report).
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