387,884 Shares in First Trust Structured Credit Income Opportunities ETF $SCIO Acquired by Royal Bank of Canada

Royal Bank of Canada purchased a new position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) in the first quarter, HoldingsChannel.com reports. The firm purchased 387,884 shares of the company’s stock, valued at approximately $8,006,000.

Several other large investors also recently bought and sold shares of the company. Delta Investment Management LLC lifted its position in shares of First Trust Structured Credit Income Opportunities ETF by 48.0% during the fourth quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock worth $5,289,000 after purchasing an additional 82,519 shares in the last quarter. Independent Wealth Network Inc. purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF in the first quarter valued at $1,561,000. Capital Investment Counsel LLC grew its holdings in First Trust Structured Credit Income Opportunities ETF by 305.8% during the 1st quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock valued at $9,396,000 after purchasing an additional 343,046 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in First Trust Structured Credit Income Opportunities ETF during the 4th quarter valued at $1,343,000. Finally, HighTower Advisors LLC increased its stake in First Trust Structured Credit Income Opportunities ETF by 183.3% during the 4th quarter. HighTower Advisors LLC now owns 50,541 shares of the company’s stock worth $1,051,000 after buying an additional 32,704 shares during the period. Institutional investors and hedge funds own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Price Performance

Shares of SCIO stock opened at $20.58 on Tuesday. First Trust Structured Credit Income Opportunities ETF has a 12 month low of $20.40 and a 12 month high of $21.69. The firm has a market capitalization of $504.21 million, a P/E ratio of -271.80 and a beta of 0.07. The company’s fifty day moving average price is $20.62 and its two-hundred day moving average price is $20.70.

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.