Summary
SCIO Chart
Farther Finance Advisors LLC Purchases 37,304 Shares of First Trust Structured Credit Income Opportunities ETF $SCIO
Farther Finance Advisors LLC increased its position in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) by 290.8% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,130 shares of the company's stock after purchasing an additional
First Trust Structured Credit Income Opportunities ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 273,777 | $5.66M | $5.65M | -$13,267.54 | -0.23% |
| WJD William Jeffrey Draper Strategic Planning Group LLC | 2.87M | $59.34M | $59.23M | -$107,635.01 | -0.18% |
| AWM Accurate Wealth Management LLC Accurate Wealth Management LLC | 14,028 | $290,519.88 | $289,257.36 | -$1,262.52 | -0.43% |
 Andrew Endelman Independent Wealth Network Inc. | 75,614 | $1.56M | $1.56M | -$756.14 | -0.05% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 146,884 | $3.04M | $3.03M | -$11,016.3 | -0.36% |
First Trust Structured Credit Income Opportunities ETF (SCIO) FAQ
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First Trust Structured Credit Income Opportunities ETF Profile
| ARCA Exchange | US Country |
Overview
The provided company description outlines a financial fund that specializes in structured credit investments. These investments involve the securitization process, where financial assets like loans and mortgages are packaged into securities. These securities are interest-bearing and backed by the original assets, offering investors a way to participate in the income generated from these assets without directly owning them. The fund commits to investing at least 80% of its net assets, including any borrowed funds for investment purposes, in these structured credit investments. It is important to note that this fund is designated as non-diversified, meaning it may invest more heavily in fewer securities, which could lead to higher risk and volatility.
Products and Services
The primary offering of this fund revolves around structured credit investments, detailed as follows:
- Structured Credit Investments: These are financial instruments created through the securitization of various debt instruments such as loans and mortgages. By investing in these, the fund generates returns for its investors derived from the interest income on the underlying assets. This type of investment allows for income generation and risk distribution, making it an attractive option for investors seeking exposure to different types of debt securities without needing to own the underlying assets directly.
