CoreCap Advisors LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 146,884 shares of the company’s stock, valued at approximately $3,036,000.
Several other institutional investors have also bought and sold shares of SCIO. First Trust Advisors LP grew its holdings in First Trust Structured Credit Income Opportunities ETF by 45.0% during the second quarter. First Trust Advisors LP now owns 39,091 shares of the company’s stock valued at $808,000 after purchasing an additional 12,135 shares during the period. Snowden Capital Advisors LLC purchased a new stake in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter worth about $1,687,000. Osaic Holdings Inc. purchased a new stake in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter worth about $25,000. Citadel Advisors LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at about $533,000. Finally, IFP Advisors Inc bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.
First Trust Structured Credit Income Opportunities ETF Stock Up 0.0%
NYSEARCA SCIO opened at $20.58 on Thursday. The company has a market cap of $504.21 million, a PE ratio of -271.80 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 firm’s 50-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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