iShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $51.53 and last traded at $51.5250, with a volume of 513531 shares changing hands. The stock had previously closed at $51.61.
iShares Flexible Income Active ETF Trading Down 0.1%
The company has a fifty day moving average of $51.98 and a two-hundred day moving average of $52.19.
Institutional Investors Weigh In On iShares Flexible Income Active ETF
Several hedge funds and other institutional investors have recently made changes to their positions in BINC. Cedar Mountain Advisors LLC boosted its stake in shares of iShares Flexible Income Active ETF by 0.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 126,378 shares of the company’s stock worth $6,563,000 after purchasing an additional 320 shares during the period. Fiduciary Alliance LLC raised its position in iShares Flexible Income Active ETF by 4.1% in the 1st quarter. Fiduciary Alliance LLC now owns 8,171 shares of the company’s stock worth $428,000 after purchasing an additional 321 shares during the period. Western Wealth Management LLC lifted its stake in iShares Flexible Income Active ETF by 2.0% in the fourth quarter. Western Wealth Management LLC now owns 20,210 shares of the company’s stock worth $1,066,000 after purchasing an additional 401 shares during the last quarter. Elyxium Wealth LLC bought a new stake in iShares Flexible Income Active ETF in the fourth quarter worth about $25,000. Finally, Golden State Wealth Management LLC boosted its position in shares of iShares Flexible Income Active ETF by 15.8% during the fourth quarter. Golden State Wealth Management LLC now owns 4,034 shares of the company’s stock valued at $213,000 after buying an additional 549 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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