iShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $51.58 and last traded at $51.60, with a volume of 945862 shares trading hands. The stock had previously closed at $51.95.
iShares Flexible Income Active ETF Stock Performance
The firm has a fifty day simple moving average of $52.04 and a two-hundred day simple moving average of $52.23.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in iShares Flexible Income Active ETF by 9.3% during 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 in the last quarter. Shah Wealth Advisors LLC purchased a new position in shares of iShares Flexible Income Active ETF in the 2nd quarter worth $26,624,000. NewEdge Advisors LLC increased its holdings 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 buying an additional 144,239 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 worth $78,229,000 after buying an additional 133,224 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its position in shares of iShares Flexible Income Active ETF by 13.0% during the 3rd quarter. United Capital Financial Advisors LLC now owns 937,094 shares of the company’s stock valued at $49,891,000 after buying an additional 108,135 shares in the last quarter.
iShares Flexible Income Active ETF Company 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.
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