Meridian Wealth Management LLC Makes New Investment in First Trust Structured Credit Income Opportunities ETF $SCIO

Meridian Wealth Management LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 64,581 shares of the company’s stock, valued at approximately $1,343,000. Meridian Wealth Management LLC owned approximately 0.80% of First Trust Structured Credit Income Opportunities ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Osaic Holdings Inc. acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at $25,000. IFP Advisors Inc acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at $44,000. N.E.W. Advisory Services LLC boosted its stake in shares of First Trust Structured Credit Income Opportunities ETF by 1,321.0% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 7,247 shares of the company’s stock valued at $150,000 after purchasing an additional 6,737 shares in the last quarter. Embree Financial Group acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 4th quarter valued at $241,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at $246,000. Institutional investors and hedge funds own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Stock Performance

Shares of NYSEARCA:SCIO opened at $20.68 on Thursday. First Trust Structured Credit Income Opportunities ETF has a 52 week low of $20.21 and a 52 week high of $21.78. The company’s fifty day moving average is $20.71 and its 200-day moving average is $20.79. The company has a market capitalization of $353.63 million, a PE ratio of -273.12 and a beta of 0.08.

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.