Shah Wealth Advisors LLC Buys New Shares in iShares Flexible Income Active ETF $BINC

Shah Wealth Advisors LLC purchased a new position in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) in the second quarter, HoldingsChannel reports. The fund purchased 508,683 shares of the company’s stock, valued at approximately $26,624,000. iShares Flexible Income Active ETF comprises 6.1% of Shah Wealth Advisors LLC’s portfolio, making the stock its 6th biggest holding.

Several other large investors have also added to or reduced their stakes in BINC. JPMorgan Chase & Co. increased its holdings in shares of iShares Flexible Income Active ETF by 9.3% in the fourth 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 during the period. NewEdge Advisors LLC boosted its position in iShares Flexible Income Active ETF by 17.0% in the third quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock valued at $52,934,000 after buying an additional 144,239 shares during the last quarter. Bank of New York Mellon Corp boosted its position in iShares Flexible Income Active ETF by 9.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock valued at $78,229,000 after buying an additional 133,224 shares during the last quarter. United Capital Financial Advisors LLC increased its holdings in 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 buying an additional 108,135 shares during the period. Finally, Sterling Investment Advisors Ltd. acquired a new position in iShares Flexible Income Active ETF in the 4th quarter worth approximately $4,897,000.

iShares Flexible Income Active ETF Stock Up 0.1%

BINC stock opened at $51.68 on Friday. iShares Flexible Income Active ETF has a 12 month low of $51.54 and a 12 month high of $53.51. The firm’s fifty day simple moving average is $52.01 and its 200-day simple moving average is $52.22.

iShares Flexible Income Active ETF 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.