Beaumont Financial Advisors LLC Purchases Shares of 350,934 First Trust Structured Credit Income Opportunities ETF $SCIO

Beaumont Financial Advisors LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 350,934 shares of the company’s stock, valued at approximately $7,243,000. Beaumont Financial Advisors LLC owned about 2.05% of First Trust Structured Credit Income Opportunities ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crux Wealth Advisors acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter worth about $2,721,000. Delta Investment Management LLC grew its stake in shares of First Trust Structured Credit Income Opportunities ETF by 48.0% in the fourth quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock valued at $5,289,000 after buying an additional 82,519 shares in the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the fourth quarter valued at about $2,641,000. Brookstone Capital Management purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter valued at about $1,086,000. Finally, Capital Investment Counsel LLC raised its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 305.8% during the 1st quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock valued at $9,396,000 after buying an additional 343,046 shares during the period. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Price Performance

NYSEARCA:SCIO opened at $20.63 on Thursday. The firm has a 50-day moving average of $20.64 and a two-hundred day moving average of $20.74. The stock has a market cap of $484.81 million, a P/E ratio of -272.46 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a 1-year low of $20.43 and a 1-year 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.