Global Wealth Strategies & Associates Lowers Position in iShares Flexible Income Active ETF $BINC

Global Wealth Strategies & Associates trimmed its position in iShares Flexible Income Active ETF (NYSEARCA:BINC) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,469 shares of the company’s stock after selling 17,892 shares during the quarter. iShares Flexible Income Active ETF accounts for 2.3% of Global Wealth Strategies & Associates’ portfolio, making the stock its 10th largest position. Global Wealth Strategies & Associates’ holdings in iShares Flexible Income Active ETF were worth $12,671,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. XP Advisory US Inc. bought a new stake in iShares Flexible Income Active ETF in the 2nd quarter valued at $36,000. Shah Wealth Advisors LLC bought a new position in shares of iShares Flexible Income Active ETF during the 2nd quarter worth about $26,624,000. Strive Financial Group LLC acquired a new stake in shares of iShares Flexible Income Active ETF during the 2nd quarter valued at about $33,000. Aventus Investment Advisors Inc. boosted its position in shares of iShares Flexible Income Active ETF by 706.2% during the 2nd quarter. Aventus Investment Advisors Inc. now owns 22,985 shares of the company’s stock valued at $1,203,000 after acquiring an additional 20,134 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in iShares Flexible Income Active ETF in the second quarter valued at about $98,000.

iShares Flexible Income Active ETF Price Performance

NYSEARCA BINC opened at $50.56 on Friday. iShares Flexible Income Active ETF has a twelve month low of $50.43 and a twelve month high of $53.51. The company’s 50-day simple moving average is $51.66 and its 200 day simple moving average is $51.99.

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.