Dynamic Advisor Solutions LLC grew its position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Free Report) by 56.6% in the second quarter, Holdings Channel reports. The fund owned 124,433 shares of the company’s stock after acquiring an additional 44,965 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in First Trust Structured Credit Income Opportunities ETF were worth $2,572,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of SCIO. CoreCap Advisors LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter worth $3,036,000. Noble Wealth Management PBC bought a new position in First Trust Structured Credit Income Opportunities ETF in the second quarter valued at about $98,000. NewEdge Advisors LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter valued at about $528,000. Arkadios Wealth Advisors boosted its stake in shares of First Trust Structured Credit Income Opportunities ETF by 497.3% during the first quarter. Arkadios Wealth Advisors now owns 82,263 shares of the company’s stock valued at $1,698,000 after purchasing an additional 68,491 shares in the last quarter. Finally, Royal Bank of Canada bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter worth about $8,006,000. Institutional investors and hedge funds own 0.83% of the company’s stock.
First Trust Structured Credit Income Opportunities ETF Price Performance
First Trust Structured Credit Income Opportunities ETF stock opened at $20.58 on Friday. The business has a 50 day moving average of $20.62 and a 200-day moving average of $20.70. The company has a market capitalization of $504.21 million, a P/E ratio of -271.80 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a 1 year low of $20.40 and a 1 year high of $21.69.
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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