iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Strong Trading Volume – Still a Buy?

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw unusually-strong trading volume on Wednesday . Approximately 2,174,335 shares traded hands during trading, an increase of 6% from the previous session’s volume of 2,056,217 shares.The stock last traded at $53.0450 and had previously closed at $53.08.

iShares Flexible Income Active ETF Trading Down 0.1%

The firm has a 50-day simple moving average of $52.92 and a two-hundred day simple moving average of $53.03.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Cedar Mountain Advisors LLC grew its holdings in shares of iShares Flexible Income Active ETF by 18.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 121,935 shares of the company’s stock worth $6,492,000 after purchasing an additional 19,215 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Flexible Income Active ETF by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,806,066 shares of the company’s stock valued at $570,993,000 after purchasing an additional 97,669 shares in the last quarter. Tsfg LLC grew its stake in iShares Flexible Income Active ETF by 12.3% during the second quarter. Tsfg LLC now owns 120,982 shares of the company’s stock worth $6,393,000 after buying an additional 13,219 shares during the last quarter. Arkadios Wealth Advisors grew its position in iShares Flexible Income Active ETF by 66.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 50,147 shares of the company’s stock worth $2,670,000 after acquiring an additional 19,948 shares during the last quarter. Finally, Vantage Financial Partners LLC increased its stake in shares of iShares Flexible Income Active ETF by 8.3% in the third quarter. Vantage Financial Partners LLC now owns 410,549 shares of the company’s stock valued at $21,858,000 after buying an additional 31,383 shares in the last quarter.

About iShares Flexible Income Active ETF

The BlackRock Flexible Income ETF (BINC) is an exchange-traded fund that mostly invests in high yield fixed income. The fund provides an actively managed approach to multisector fixed-income exposure globally. It may hold debt and income-producing securities, of any credit quality or maturity, with the objective of maximizing long-term income and capital appreciation. BINC was launched on May 19, 2023 and is managed by BlackRock.