Capital Investment Counsel LLC Acquires New Position in First Trust Structured Credit Income Opportunities ETF $SCIO

Capital Investment Counsel LLC acquired a new stake in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 112,194 shares of the company’s stock, valued at approximately $2,334,000. Capital Investment Counsel LLC owned 1.39% of First Trust Structured Credit Income Opportunities ETF as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCIO. Osaic Holdings Inc. bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at about $25,000. IFP Advisors Inc bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at about $44,000. N.E.W. Advisory Services LLC raised its stake in 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 acquiring an additional 6,737 shares during the period. Embree Financial Group bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 4th quarter valued at about $241,000. Finally, Arkadios Wealth Advisors bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at about $246,000. 0.83% of the stock is currently owned by institutional investors.

First Trust Structured Credit Income Opportunities ETF Stock Performance

Shares of First Trust Structured Credit Income Opportunities ETF stock opened at $20.68 on Friday. First Trust Structured Credit Income Opportunities ETF has a 52-week low of $20.21 and a 52-week high of $21.78. The stock’s 50-day simple moving average is $20.74 and its 200 day simple moving average is $20.80. The stock has a market capitalization of $353.63 million, a P/E 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.