Strategic Planning Group LLC Raises Position in First Trust Structured Credit Income Opportunities ETF $SCIO

Strategic Planning Group LLC raised its holdings in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 788,845 shares of the company’s stock after acquiring an additional 54,961 shares during the quarter. First Trust Structured Credit Income Opportunities ETF comprises approximately 2.1% of Strategic Planning Group LLC’s investment portfolio, making the stock its 13th largest holding. Strategic Planning Group LLC owned about 0.10% of First Trust Structured Credit Income Opportunities ETF worth $16,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. purchased a new position in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at approximately $25,000. IFP Advisors Inc purchased a new position in First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at approximately $44,000. N.E.W. Advisory Services LLC boosted its position 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 buying an additional 6,737 shares during the period. Embree Financial Group purchased a new position in First Trust Structured Credit Income Opportunities ETF in the 4th quarter valued at approximately $241,000. Finally, Arkadios Wealth Advisors purchased a new position in First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at approximately $246,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Stock Down 0.1%

Shares of SCIO stock opened at $20.70 on Tuesday. 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 has a market capitalization of $353.97 million, a PE ratio of -273.39 and a beta of 0.08. The firm has a 50 day moving average of $20.72 and a two-hundred day moving average of $20.79.

About First Trust Structured Credit Income Opportunities ETF

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.