Shares of iShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report) saw strong trading volume on Wednesday . 2,973,249 shares traded hands during trading, an increase of 28% from the previous session’s volume of 2,319,923 shares.The stock last traded at $52.03 and had previously closed at $51.98.
iShares Flexible Income Active ETF Trading Up 0.1%
The firm’s fifty day moving average is $52.11 and its two-hundred day moving average is $52.35.
Hedge Funds Weigh In On iShares Flexible Income Active ETF
Hedge funds and other institutional investors have recently modified their holdings of the business. Cedar Mountain Advisors LLC increased its holdings in iShares Flexible Income Active ETF by 0.3% during the first quarter. Cedar Mountain Advisors LLC now owns 126,378 shares of the company’s stock worth $6,563,000 after buying an additional 320 shares during the last quarter. Fiduciary Alliance LLC raised its position in iShares Flexible Income Active ETF by 4.1% in the first quarter. Fiduciary Alliance LLC now owns 8,171 shares of the company’s stock worth $428,000 after acquiring an additional 321 shares during the period. Western Wealth Management LLC boosted 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 valued at $1,066,000 after acquiring an additional 401 shares during the last quarter. Ashton Thomas Securities LLC grew its position in shares of iShares Flexible Income Active ETF by 1.0% during the 4th quarter. Ashton Thomas Securities LLC now owns 48,170 shares of the company’s stock valued at $2,536,000 after acquiring an additional 466 shares during the period. Finally, Elyxium Wealth LLC bought a new position in shares of iShares Flexible Income Active ETF during the 4th quarter valued at approximately $25,000.
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.
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