Parallel Advisors LLC Buys 304,883 Shares of iShares Flexible Income Active ETF $BINC

Parallel Advisors LLC increased its stake in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 43.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,207 shares of the company’s stock after purchasing an additional 304,883 shares during the quarter. iShares Flexible Income Active ETF accounts for 0.7% of Parallel Advisors LLC’s holdings, making the stock its 23rd largest holding. Parallel Advisors LLC owned about 0.30% of iShares Flexible Income Active ETF worth $50,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Strive Financial Group LLC purchased a new stake in iShares Flexible Income Active ETF during the 2nd quarter worth about $33,000. XP Advisory US Inc. acquired a new stake in iShares Flexible Income Active ETF in the 2nd quarter valued at about $36,000. YANKCOM Partnership purchased a new position in shares of iShares Flexible Income Active ETF in the 3rd quarter valued at about $41,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of iShares Flexible Income Active ETF in the 1st quarter valued at about $43,000. Finally, Anchor Investment Management LLC purchased a new position in shares of iShares Flexible Income Active ETF in the 1st quarter valued at about $52,000.

iShares Flexible Income Active ETF Stock Performance

Shares of iShares Flexible Income Active ETF stock traded up $0.04 on Friday, reaching $50.82. 1,804,110 shares of the company were exchanged, compared to its average volume of 2,413,826. iShares Flexible Income Active ETF has a 1-year low of $50.43 and a 1-year high of $53.42. The stock’s 50 day moving average price is $50.98 and its 200-day moving average price is $51.99.

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.