First Trust Structured Credit Income Opportunities ETF $SCIO Shares Newly Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,853 shares of the company’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 2,317.8% in the 1st quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock worth $11,727,000 after purchasing an additional 544,687 shares in the last quarter. Royal Bank of Canada bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth approximately $8,006,000. First Heartland Consultants Inc. bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter worth approximately $7,337,000. Beaumont Financial Advisors LLC bought a new position in shares of First Trust Structured Credit Income Opportunities ETF in the first quarter worth approximately $7,243,000. Finally, First Trust Advisors LP increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 497.2% in the first quarter. First Trust Advisors LP now owns 251,837 shares of the company’s stock worth $5,198,000 after purchasing an additional 209,664 shares in the last quarter. 0.83% of the stock is owned by hedge funds and other institutional investors.

First Trust Structured Credit Income Opportunities ETF Stock Performance

SCIO opened at $20.24 on Friday. First Trust Structured Credit Income Opportunities ETF has a fifty-two week low of $19.89 and a fifty-two week high of $21.69. The firm’s fifty day moving average is $20.16 and its 200 day moving average is $20.56. The stock has a market cap of $575.83 million, a price-to-earnings ratio of -267.31 and a beta of 0.08.

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.