Independent Wealth Network Inc. purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 75,614 shares of the company’s stock, valued at approximately $1,561,000. Independent Wealth Network Inc. owned 0.48% of First Trust Structured Credit Income Opportunities ETF as of its most recent SEC filing.
Several other large investors have also made changes to their positions in SCIO. RFG Advisory LLC boosted its stake in shares of First Trust Structured Credit Income Opportunities ETF by 35.0% in the first quarter. RFG Advisory LLC now owns 66,012 shares of the company’s stock worth $1,362,000 after acquiring an additional 17,118 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Structured Credit Income Opportunities ETF by 59.5% during the fourth quarter. Cetera Investment Advisers now owns 19,185 shares of the company’s stock worth $399,000 after purchasing an additional 7,157 shares in the last quarter. Osaic Holdings Inc. raised its stake in First Trust Structured Credit Income Opportunities ETF by 49.6% during the 4th quarter. Osaic Holdings Inc. now owns 6,820 shares of the company’s stock valued at $142,000 after purchasing an additional 2,260 shares during the period. Kestra Advisory Services LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 4th quarter valued at approximately $489,000. Finally, CreativeOne Wealth LLC lifted its holdings in First Trust Structured Credit Income Opportunities ETF by 9.8% in the 4th quarter. CreativeOne Wealth LLC now owns 44,863 shares of the company’s stock worth $933,000 after purchasing an additional 3,991 shares in the last quarter. 0.83% of the stock is currently owned by hedge funds and other institutional investors.
First Trust Structured Credit Income Opportunities ETF Price Performance
SCIO stock opened at $20.66 on Friday. 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 market capitalization of $353.29 million, a price-to-earnings ratio of -272.86 and a beta of 0.07. The business has a 50 day simple moving average of $20.66 and a two-hundred day simple moving average of $20.75.
First Trust Structured Credit Income Opportunities ETF 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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