Parallel Advisors LLC Increases Position in iShares Flexible Income Active ETF $BINC

Parallel Advisors LLC raised its holdings in iShares Flexible Income Active ETF (NYSEARCA:BINC) by 8.3% in the first quarter, Holdings Channel reports. The fund owned 642,004 shares of the company’s stock after buying an additional 49,130 shares during the period. iShares Flexible Income Active ETF accounts for approximately 0.6% of Parallel Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Parallel Advisors LLC’s holdings in iShares Flexible Income Active ETF were worth $33,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of BINC. JPMorgan Chase & Co. boosted its holdings 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 worth $651,418,000 after purchasing an additional 1,048,214 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in iShares Flexible Income Active ETF by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock worth $83,359,000 after buying an additional 65,625 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in 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 valued at $78,229,000 after buying an additional 133,224 shares in the last quarter. NewEdge Advisors LLC increased its stake 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 acquiring an additional 144,239 shares during the last quarter. Finally, United Capital Financial Advisors LLC increased its stake 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 acquiring an additional 108,135 shares during the last quarter.

iShares Flexible Income Active ETF Trading Up 0.3%

NYSEARCA BINC opened at $51.98 on Wednesday. The business’s fifty day simple moving average is $52.14 and its 200-day simple moving average is $52.38. iShares Flexible Income Active ETF has a 52 week low of $51.60 and a 52 week high of $53.51.

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.