HighTower Advisors LLC Raises Stake in First Trust Structured Credit Income Opportunities ETF $SCIO

HighTower Advisors LLC boosted its position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 183.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,541 shares of the company’s stock after buying an additional 32,704 shares during the quarter. HighTower Advisors LLC owned approximately 0.59% of First Trust Structured Credit Income Opportunities ETF worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SCIO. Osaic Holdings Inc. purchased a new stake in First Trust Structured Credit Income Opportunities ETF in the second quarter worth approximately $25,000. IFP Advisors Inc purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the third quarter valued at approximately $44,000. N.E.W. Advisory Services LLC boosted its stake in shares of First Trust Structured Credit Income Opportunities ETF by 38.3% during the fourth quarter. N.E.W. Advisory Services LLC now owns 10,022 shares of the company’s stock valued at $208,000 after purchasing an additional 2,775 shares during the period. Embree Financial Group purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter valued at approximately $241,000. Finally, MGO One Seven LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter valued at approximately $323,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Stock Performance

NYSEARCA:SCIO opened at $20.63 on Friday. The firm has a market cap of $352.77 million, a PE ratio of -272.46 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a fifty-two week low of $20.35 and a fifty-two week high of $21.78. The business has a 50 day moving average price of $20.66 and a 200-day moving average price of $20.77.

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.