iShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report)’s share price reached a new 52-week low on Wednesday . The company traded as low as $51.11 and last traded at $51.1150, with a volume of 1627229 shares. The stock had previously closed at $51.40.
iShares Flexible Income Active ETF Stock Down 0.5%
The business has a 50 day simple moving average of $51.82 and a two-hundred day simple moving average of $52.06.
Hedge Funds Weigh In On iShares Flexible Income Active ETF
A number of large investors have recently added to or reduced their stakes in BINC. Janney Montgomery Scott LLC boosted its stake in shares of iShares Flexible Income Active ETF by 4.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock valued at $83,359,000 after purchasing an additional 65,625 shares in the last quarter. Mosley Wealth Management bought a new position in iShares Flexible Income Active ETF in the fourth quarter worth about $1,642,000. Shah Wealth Advisors LLC bought a new stake in iShares Flexible Income Active ETF during the 2nd quarter valued at approximately $26,624,000. Parallel Advisors LLC boosted its position in shares of iShares Flexible Income Active ETF by 15.9% during the fourth quarter. Parallel Advisors LLC now owns 592,874 shares of the company’s stock valued at $31,286,000 after purchasing an additional 81,371 shares in the last quarter. Finally, Tidemark LLC grew its position in shares of iShares Flexible Income Active ETF by 9.5% in the 4th quarter. Tidemark LLC now owns 187,508 shares of the company’s stock worth $9,895,000 after buying an additional 16,294 shares during the period.
iShares Flexible Income Active ETF Company Profile
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.
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