Integrated Wealth Concepts LLC Sells 122,026 Shares of iShares Flexible Income Active ETF $BINC

Integrated Wealth Concepts LLC cut its position in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 9.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,197,987 shares of the company’s stock after selling 122,026 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in iShares Flexible Income Active ETF were worth $63,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Mountain Advisors LLC boosted its position in iShares Flexible Income Active ETF by 18.7% during the third quarter. Cedar Mountain Advisors LLC now owns 121,935 shares of the company’s stock valued at $6,492,000 after acquiring an additional 19,215 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Flexible Income Active ETF by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,806,066 shares of the company’s stock valued at $570,993,000 after purchasing an additional 97,669 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of iShares Flexible Income Active ETF by 66.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 50,147 shares of the company’s stock valued at $2,670,000 after purchasing an additional 19,948 shares during the period. Vantage Financial Partners LLC grew its stake in iShares Flexible Income Active ETF by 8.3% during the third quarter. Vantage Financial Partners LLC now owns 410,549 shares of the company’s stock worth $21,858,000 after purchasing an additional 31,383 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in iShares Flexible Income Active ETF by 26.0% in the third quarter. Farther Finance Advisors LLC now owns 185,545 shares of the company’s stock worth $9,878,000 after purchasing an additional 38,286 shares in the last quarter.

iShares Flexible Income Active ETF Stock Performance

iShares Flexible Income Active ETF stock opened at $52.02 on Monday. iShares Flexible Income Active ETF has a 52-week low of $50.84 and a 52-week high of $53.51. The stock’s 50 day moving average price is $52.94 and its two-hundred day moving average price is $53.04.

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.