First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Sets New 1-Year Low – Should You Sell?

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $20.40 and last traded at $20.4150, with a volume of 4185 shares. The stock had previously closed at $20.46.

First Trust Structured Credit Income Opportunities ETF Trading Down 0.3%

The stock has a market cap of $499.92 million, a P/E ratio of -269.49 and a beta of 0.07. The firm’s fifty day moving average is $20.56 and its 200 day moving average is $20.65.

Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF

A number of institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its position in shares of First Trust Structured Credit Income Opportunities ETF by 2,317.8% during the 1st quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock worth $11,727,000 after purchasing an additional 544,687 shares during the last quarter. Royal Bank of Canada acquired a new stake in First Trust Structured Credit Income Opportunities ETF in the 1st quarter valued at approximately $8,006,000. Beaumont Financial Advisors LLC bought a new position in First Trust Structured Credit Income Opportunities ETF in the 1st quarter worth approximately $7,243,000. Capital Investment Counsel LLC increased its position in First Trust Structured Credit Income Opportunities ETF by 305.8% in the 1st quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock worth $9,396,000 after buying an additional 343,046 shares during the period. Finally, Legacy Capital Wealth Management LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter worth approximately $6,634,000. 0.83% of the stock is currently owned by institutional investors.

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.