NewEdge Advisors LLC Purchases New Stake in First Trust Structured Credit Income Opportunities ETF $SCIO

NewEdge Advisors LLC purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 25,589 shares of the company’s stock, valued at approximately $528,000. NewEdge Advisors LLC owned about 0.15% of First Trust Structured Credit Income Opportunities ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCIO. Crux Wealth Advisors bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 4th quarter valued at $2,721,000. Delta Investment Management LLC boosted its position in shares of First Trust Structured Credit Income Opportunities ETF by 48.0% during the 4th quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock valued at $5,289,000 after acquiring an additional 82,519 shares during the last quarter. Independent Wealth Network Inc. purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF in the 1st quarter worth about $1,561,000. Capital Investment Counsel LLC increased its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 305.8% in the first quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock worth $9,396,000 after buying an additional 343,046 shares during the period. Finally, Meridian Wealth Management LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF in the 4th quarter worth approximately $1,343,000. 0.83% of the stock is currently owned by institutional investors.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.2%

NYSEARCA:SCIO opened at $20.53 on Tuesday. The firm has a market capitalization of $502.99 million, a P/E ratio of -271.14 and a beta of 0.07. The company has a fifty day moving average of $20.62 and a 200 day moving average of $20.71. First Trust Structured Credit Income Opportunities ETF has a 52 week low of $20.40 and a 52 week high of $21.69.

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.