Foundations Investment Advisors LLC Purchases New Position in First Trust Structured Credit Income Opportunities ETF $SCIO

Foundations Investment Advisors LLC acquired a new position in First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 194,909 shares of the company’s stock, valued at approximately $4,045,000. Foundations Investment Advisors LLC owned approximately 0.06% 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 bought and sold shares of SCIO. Strategic Planning Group LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the third quarter worth $15,232,000. Delta Investment Management LLC purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter worth about $3,565,000. Philip James Wealth Mangement LLC purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter worth about $3,084,000. Snowden Capital Advisors LLC bought a new position in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter worth about $1,687,000. Finally, Winebrenner Capital Management LLC grew its holdings in First Trust Structured Credit Income Opportunities ETF by 7.6% during the 3rd quarter. Winebrenner Capital Management LLC now owns 55,278 shares of the company’s stock valued at $1,147,000 after buying an additional 3,900 shares in the last quarter. Institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.0%

Shares of SCIO opened at $20.83 on Friday. First Trust Structured Credit Income Opportunities ETF has a twelve month low of $20.06 and a twelve month high of $22.51. The stock has a market cap of $161.43 million, a PE ratio of -275.10 and a beta of 0.08. The business’s 50-day moving average price is $20.81 and its 200-day moving average price is $20.80.

First Trust Structured Credit Income Opportunities ETF Profile

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) is an actively managed exchange-traded fund designed to provide investors with exposure to structured credit markets. The fund is sponsored by First Trust Advisors L.P., a subsidiary of First Trust Portfolios L.P., and seeks to generate attractive risk-adjusted income through investments in collateralized loan obligations (CLOs) and other structured credit instruments.

The ETF primarily allocates capital to senior secured and investment-grade tranches of CLOs, aiming to benefit from the floating-rate nature of underlying corporate loans and the structural credit enhancements within CLO vehicles.