HighTower Advisors LLC Grows Position in First Trust Structured Credit Income Opportunities ETF $SCIO

HighTower Advisors LLC grew its stake in shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 183.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 50,541 shares of the company’s stock after buying an additional 32,704 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Structured Credit Income Opportunities ETF were worth $1,051,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SCIO. Ferguson Shapiro LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter valued at approximately $16,197,000. Crux Wealth Advisors bought a new position in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter valued at approximately $2,721,000. Daymark Wealth Partners LLC bought a new position in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter valued at approximately $2,641,000. Capital Investment Counsel LLC bought a new position in shares of First Trust Structured Credit Income Opportunities ETF during the fourth quarter valued at approximately $2,334,000. Finally, Delta Investment Management LLC raised its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 48.0% during the fourth quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock valued at $5,289,000 after acquiring an additional 82,519 shares in the last quarter. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.0%

Shares of First Trust Structured Credit Income Opportunities ETF stock opened at $20.63 on Friday. The company has a market cap of $352.77 million, a PE ratio of -272.46 and a beta of 0.07. The business has a 50 day moving average of $20.66 and a 200 day moving average of $20.77. First Trust Structured Credit Income Opportunities ETF has a 52 week low of $20.35 and a 52 week high of $21.78.

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.