Dynamic Advisor Solutions LLC Purchases 44,965 Shares of First Trust Structured Credit Income Opportunities ETF $SCIO

Dynamic Advisor Solutions LLC raised its position in shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 56.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,433 shares of the company’s stock after purchasing an additional 44,965 shares during the period. Dynamic Advisor Solutions LLC owned approximately 0.57% of First Trust Structured Credit Income Opportunities ETF worth $2,572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCIO. Osaic Holdings Inc. bought a new position in shares of First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at $25,000. Raleigh Capital Management Inc. bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth $30,000. Steward Partners Investment Advisory LLC boosted its stake in First Trust Structured Credit Income Opportunities ETF by 6.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 27,131 shares of the company’s stock valued at $564,000 after buying an additional 1,670 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in First Trust Structured Credit Income Opportunities ETF by 2.1% in the fourth quarter. Sanctuary Advisors LLC now owns 87,728 shares of the company’s stock valued at $1,825,000 after buying an additional 1,842 shares in the last quarter. Finally, Torren Management LLC bought a new position in First Trust Structured Credit Income Opportunities ETF in the first quarter valued at about $39,000. 0.83% of the stock is currently owned by institutional investors.

First Trust Structured Credit Income Opportunities ETF Trading Up 0.0%

Shares of NYSEARCA SCIO opened at $20.58 on Friday. The company has a market cap of $504.21 million, a price-to-earnings ratio of -271.80 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a 12 month low of $20.40 and a 12 month high of $21.69. The stock has a 50-day moving average price of $20.62 and a two-hundred day moving average price of $20.70.

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.