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)’s stock price reached a new 52-week low on Thursday . The company traded as low as $20.02 and last traded at $20.0360, with a volume of 4261 shares. The stock had previously closed at $20.23.

First Trust Structured Credit Income Opportunities ETF Trading Down 0.6%

The company’s fifty day moving average is $20.49 and its two-hundred day moving average is $20.60. The stock has a market cap of $550.58 million, a price-to-earnings ratio of -264.47 and a beta of 0.07.

Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF

Institutional investors have recently modified their holdings of the company. Ferguson Shapiro LLC lifted its stake in First Trust Structured Credit Income Opportunities ETF by 16.0% during the 2nd quarter. Ferguson Shapiro LLC now owns 972,151 shares of the company’s stock worth $20,094,000 after acquiring an additional 134,283 shares in the last quarter. Kestra Advisory Services LLC increased its stake in First Trust Structured Credit Income Opportunities ETF by 2,317.8% during the first 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 period. Capital Investment Counsel LLC increased its stake in First Trust Structured Credit Income Opportunities ETF by 305.8% during the first quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock worth $9,396,000 after purchasing an additional 343,046 shares during the period. Royal Bank of Canada acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter worth about $8,006,000. Finally, Beaumont Financial Advisors LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter worth about $7,243,000. 0.83% of the stock is owned by institutional investors and hedge funds.

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.