iShares Flexible Income Active ETF (NYSEARCA:BINC) Hits New 1-Year Low – Here’s What Happened

iShares Flexible Income Active ETF (NYSEARCA:BINC) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $51.58 and last traded at $51.60, with a volume of 945862 shares changing hands. The stock had previously closed at $51.95.

iShares Flexible Income Active ETF Price Performance

The firm’s fifty day simple moving average is $52.07 and its 200 day simple moving average is $52.25.

Institutional Trading of iShares Flexible Income Active ETF

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in iShares Flexible Income Active ETF by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock worth $651,418,000 after acquiring an additional 1,048,214 shares during the period. Janney Montgomery Scott LLC boosted its position in iShares Flexible Income Active ETF by 4.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock worth $83,359,000 after purchasing an additional 65,625 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares Flexible Income Active ETF by 9.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock worth $78,229,000 after purchasing an additional 133,224 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of iShares Flexible Income Active ETF by 17.0% during the 3rd quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock worth $52,934,000 after purchasing an additional 144,239 shares during the period. Finally, United Capital Financial Advisors LLC grew its stake in shares of iShares Flexible Income Active ETF by 13.0% during the 3rd quarter. United Capital Financial Advisors LLC now owns 937,094 shares of the company’s stock worth $49,891,000 after purchasing an additional 108,135 shares during the period.

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.