BlackRock Flexible Income ETF (NYSEARCA:BINC – Get Free Report) saw strong trading volume on Tuesday . 769,677 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 756,388 shares.The stock last traded at $51.89 and had previously closed at $51.87.
BlackRock Flexible Income ETF Stock Down 0.2 %
The business’s 50-day moving average price is $52.15 and its 200-day moving average price is $51.63.
Hedge Funds Weigh In On BlackRock Flexible Income ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BINC. Quotient Wealth Partners LLC bought a new position in BlackRock Flexible Income ETF during the fourth quarter valued at approximately $130,802,000. CWM LLC grew its holdings in BlackRock Flexible Income ETF by 33,255.1% during the first quarter. CWM LLC now owns 1,667,755 shares of the company’s stock valued at $87,490,000 after purchasing an additional 1,662,755 shares during the last quarter. Park Avenue Securities LLC grew its holdings in BlackRock Flexible Income ETF by 2,157.2% during the first quarter. Park Avenue Securities LLC now owns 947,687 shares of the company’s stock valued at $49,716,000 after purchasing an additional 905,701 shares during the last quarter. Wharton Business Group LLC acquired a new position in BlackRock Flexible Income ETF during the third quarter valued at approximately $29,954,000. Finally, Arden Trust Co acquired a new position in BlackRock Flexible Income ETF during the first quarter valued at approximately $19,514,000.
BlackRock Flexible Income 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.
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