Foundations Investment Advisors LLC Acquires Shares of 194,909 First Trust Structured Credit Income Opportunities ETF $SCIO

Foundations Investment Advisors LLC bought a new position in shares of First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) during the third quarter, according to its most recent filing with the SEC. The fund bought 194,909 shares of the company’s stock, valued at approximately $4,045,000. Foundations Investment Advisors LLC owned 6.00% of First Trust Structured Credit Income Opportunities ETF at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SCIO. BridgePort Financial Solutions LLC purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the second quarter worth about $655,000. Harbour Investments Inc. grew its position in shares of First Trust Structured Credit Income Opportunities ETF by 293.4% during the 2nd quarter. Harbour Investments Inc. now owns 7,867 shares of the company’s stock valued at $163,000 after acquiring an additional 5,867 shares during the period. Winebrenner Capital Management LLC increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 27.2% during the 2nd quarter. Winebrenner Capital Management LLC now owns 51,378 shares of the company’s stock worth $1,062,000 after purchasing an additional 10,978 shares during the last quarter. Legacy Wealth Managment LLC ID bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 2nd quarter worth approximately $35,000. Finally, CreativeOne Wealth LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF in the second quarter valued at approximately $854,000. Institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Price Performance

OTCMKTS:SCIO opened at $20.83 on Friday. The business has a fifty day simple moving average of $20.81 and a two-hundred day simple moving average of $20.80. First Trust Structured Credit Income Opportunities ETF has a 1 year low of $20.06 and a 1 year high of $22.51. The company has a market capitalization of $161.43 million, a P/E ratio of -275.10 and a beta of 0.08.

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.