Strategic Planning Group LLC Purchases New Stake in First Trust Structured Credit Income Opportunities ETF $SCIO

Strategic Planning Group LLC bought a new position in shares of First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 733,884 shares of the company’s stock, valued at approximately $15,232,000. First Trust Structured Credit Income Opportunities ETF makes up approximately 2.1% of Strategic Planning Group LLC’s investment portfolio, making the stock its 14th largest holding. Strategic Planning Group LLC owned 23.67% of First Trust Structured Credit Income Opportunities ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCIO. Wagner Wealth Management LLC increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 7,782.1% during the 3rd quarter. Wagner Wealth Management LLC now owns 20,257 shares of the company’s stock worth $420,000 after purchasing an additional 20,000 shares during the last quarter. Delta Investment Management LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the third quarter worth about $3,565,000. Farther Finance Advisors LLC bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 3rd quarter worth about $266,000. Osaic Holdings Inc. bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 2nd quarter worth $25,000. Finally, Snowden Capital Advisors LLC bought a new position in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter worth $1,687,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Price Performance

SCIO stock opened at $20.83 on Thursday. The company has a 50-day moving average of $20.80 and a two-hundred day moving average of $20.78. The stock has a market capitalization of $116.65 million, a price-to-earnings ratio of -275.10 and a beta of 0.08. First Trust Structured Credit Income Opportunities ETF has a 52-week low of $20.05 and a 52-week high of $22.51.

About First Trust Structured Credit Income Opportunities ETF

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.