First Trust Structured Credit Income Opportunities ETF $SCIO Stock Position Lifted by Delta Investment Management LLC

Delta Investment Management LLC boosted its stake in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 48.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,274 shares of the company’s stock after buying an additional 82,519 shares during the quarter. Delta Investment Management LLC’s holdings in First Trust Structured Credit Income Opportunities ETF were worth $5,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ferguson Shapiro LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the fourth quarter worth $16,197,000. Strategic Planning Group LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF in the third quarter valued at about $15,232,000. Foundations Investment Advisors LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF in the third quarter valued at about $4,045,000. Philip James Wealth Mangement LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF in the third quarter valued at about $3,084,000. Finally, Crux Wealth Advisors acquired a new position in First Trust Structured Credit Income Opportunities ETF in the 4th quarter worth about $2,721,000. 0.83% of the stock is currently owned by hedge funds and other institutional investors.

First Trust Structured Credit Income Opportunities ETF Stock Down 0.1%

Shares of SCIO traded down $0.02 during midday trading on Thursday, reaching $20.63. 10,294 shares of the stock were exchanged, compared to its average volume of 226,958. The company has a market cap of $351.74 million, a price-to-earnings ratio of -272.46 and a beta of 0.11. First Trust Structured Credit Income Opportunities ETF has a 12-month low of $20.21 and a 12-month high of $21.78. The firm has a 50 day simple moving average of $20.75 and a 200-day simple moving average of $20.80.

About First Trust Structured Credit Income Opportunities ETF

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.