Capital Investment Counsel LLC Has $9.40 Million Stock Position in First Trust Structured Credit Income Opportunities ETF $SCIO

Capital Investment Counsel LLC lifted its stake in shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 305.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,240 shares of the company’s stock after purchasing an additional 343,046 shares during the quarter. First Trust Structured Credit Income Opportunities ETF comprises 1.3% of Capital Investment Counsel LLC’s investment portfolio, making the stock its 27th biggest holding. Capital Investment Counsel LLC owned about 2.79% of First Trust Structured Credit Income Opportunities ETF worth $9,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter worth approximately $25,000. IFP Advisors Inc acquired a new stake in First Trust Structured Credit Income Opportunities ETF in the third quarter valued at approximately $44,000. N.E.W. Advisory Services LLC increased its holdings 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 acquiring an additional 2,775 shares in the last quarter. Embree Financial Group bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter valued at approximately $241,000. Finally, Prospera Financial Services Inc acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter worth approximately $285,000. 0.83% of the stock is owned by institutional investors.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.0%

Shares of SCIO opened at $20.71 on Tuesday. The business’s fifty day moving average is $20.66 and its 200 day moving average is $20.75. First Trust Structured Credit Income Opportunities ETF has a 12-month low of $20.43 and a 12-month high of $21.69. The stock has a market cap of $354.14 million, a P/E ratio of -273.52 and a beta of 0.07.

First Trust Structured Credit Income Opportunities ETF 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.