iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) saw an uptick in trading volume on Thursday . 2,166,164 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 2,324,453 shares.The stock last traded at $52.10 and had previously closed at $52.14.

iShares Flexible Income Active ETF Stock Down 0.2%

The company has a fifty day moving average price of $52.08 and a two-hundred day moving average price of $52.26.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of iShares Flexible Income Active ETF by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock valued at $651,418,000 after purchasing an additional 1,048,214 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of 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 during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 raised its holdings in shares of iShares Flexible Income Active ETF by 17.0% in 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 in the last quarter. Finally, United Capital Financial Advisors LLC raised its holdings in shares of iShares Flexible Income Active ETF by 13.0% in 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 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.