NewEdge Advisors LLC grew its holdings in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Free Report) by 260.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,342 shares of the company’s stock after acquiring an additional 66,753 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Structured Credit Income Opportunities ETF were worth $1,909,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. NI Acquisitions Company LLC bought a new position in First Trust Structured Credit Income Opportunities ETF during the second quarter worth about $28,000. Raleigh Capital Management Inc. acquired a new stake in First Trust Structured Credit Income Opportunities ETF in the 1st quarter worth about $30,000. Torren Management LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 1st quarter valued at about $39,000. Noble Wealth Management PBC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the 2nd quarter worth approximately $98,000. Finally, Prospera Financial Services Inc acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter worth approximately $285,000. 0.83% of the stock is currently owned by institutional investors and hedge funds.
First Trust Structured Credit Income Opportunities ETF Stock Performance
Shares of SCIO opened at $20.20 on Friday. First Trust Structured Credit Income Opportunities ETF has a 12 month low of $20.11 and a 12 month high of $21.69. The firm’s 50 day moving average is $20.51 and its 200-day moving average is $20.62. The stock has a market capitalization of $494.90 million, a PE ratio of -266.78 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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