Independent Wealth Network Inc. Purchases New Shares in First Trust Structured Credit Income Opportunities ETF $SCIO

Independent Wealth Network Inc. acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 75,614 shares of the company’s stock, valued at approximately $1,561,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ferguson Shapiro LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter valued at about $16,197,000. Legacy Capital Wealth Management LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF in the fourth quarter worth about $6,634,000. Crux Wealth Advisors purchased a new position in First Trust Structured Credit Income Opportunities ETF in the fourth quarter worth about $2,721,000. Daymark Wealth Partners LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the fourth quarter worth approximately $2,641,000. Finally, Capital Investment Counsel LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the fourth quarter worth approximately $2,334,000. 0.83% of the stock is owned by hedge funds and other institutional investors.

First Trust Structured Credit Income Opportunities ETF Price Performance

Shares of SCIO stock opened at $20.66 on Friday. First Trust Structured Credit Income Opportunities ETF has a 1 year low of $20.43 and a 1 year high of $21.69. The stock’s 50 day simple moving average is $20.66 and its two-hundred day simple moving average is $20.75. The company has a market cap of $353.29 million, a PE ratio of -272.86 and a beta of 0.07.

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.