First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $20.18 and traded as high as $20.22. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.20, with a volume of 148,175 shares trading hands.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.2%

The firm has a 50 day simple moving average of $20.18 and a 200-day simple moving average of $20.57. The company has a market cap of $574.69 million, a PE ratio of -266.78 and a beta of 0.09.

Institutional Trading of First Trust Structured Credit Income Opportunities ETF

A number of institutional investors have recently modified their holdings of SCIO. Kestra Advisory Services LLC raised its position in First Trust Structured Credit Income Opportunities ETF by 6.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 614,990 shares of the company’s stock worth $12,257,000 after buying an additional 39,460 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at $8,702,000. MGO One Seven LLC increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 456.6% in the third quarter. MGO One Seven LLC now owns 89,330 shares of the company’s stock worth $1,780,000 after acquiring an additional 73,280 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the third quarter worth $575,000. Finally, Sigma Planning Corp purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF during the third quarter worth $2,460,000. 0.83% of the stock is currently owned by institutional investors.

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.