Ferguson Shapiro LLC Acquires 59,146 Shares of First Trust Structured Credit Income Opportunities ETF $SCIO

Ferguson Shapiro LLC grew its holdings in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 837,868 shares of the company’s stock after purchasing an additional 59,146 shares during the quarter. First Trust Structured Credit Income Opportunities ETF makes up approximately 5.3% of Ferguson Shapiro LLC’s holdings, making the stock its 8th biggest holding. Ferguson Shapiro LLC owned about 5.14% of First Trust Structured Credit Income Opportunities ETF worth $17,294,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Osaic Holdings Inc. bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the second quarter worth approximately $25,000. IFP Advisors Inc bought a new position in First Trust Structured Credit Income Opportunities ETF in the third quarter valued at approximately $44,000. N.E.W. Advisory Services LLC grew its holdings in First Trust Structured Credit Income Opportunities ETF by 38.3% during the 4th quarter. N.E.W. Advisory Services LLC now owns 10,022 shares of the company’s stock worth $208,000 after acquiring an additional 2,775 shares during the period. Embree Financial Group acquired a new stake in First Trust Structured Credit Income Opportunities ETF during the 4th quarter worth $241,000. Finally, Prospera Financial Services Inc bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter valued at $285,000. Institutional investors and hedge funds own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Stock Performance

Shares of First Trust Structured Credit Income Opportunities ETF stock opened at $20.67 on Wednesday. The firm has a fifty day moving average of $20.66 and a two-hundred day moving average of $20.75. The stock has a market capitalization of $353.46 million, a price-to-earnings ratio of -272.99 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a 52 week low of $20.43 and a 52 week high of $21.69.

First Trust Structured Credit Income Opportunities ETF Company Profile

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.