Beta Wealth Group Inc. Increases Stock Position in BlackRock Flexible Income ETF (NYSEARCA:BINC)

Beta Wealth Group Inc. increased its position in BlackRock Flexible Income ETF (NYSEARCA:BINC) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,487 shares of the company’s stock after buying an additional 1,279 shares during the quarter. BlackRock Flexible Income ETF comprises about 1.5% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 21st biggest position. Beta Wealth Group Inc. owned 2.14% of BlackRock Flexible Income ETF worth $2,848,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BINC. Masso Torrence Wealth Management Inc. acquired a new position in BlackRock Flexible Income ETF during the fourth quarter valued at approximately $2,736,000. Royal Capital Wealth Management LLC acquired a new position in shares of BlackRock Flexible Income ETF during the 3rd quarter valued at $454,000. BlackDiamond Wealth Management LLC purchased a new stake in BlackRock Flexible Income ETF during the 4th quarter worth $310,000. WBH Advisory Inc. acquired a new stake in BlackRock Flexible Income ETF in the 4th quarter valued at $2,224,000. Finally, Concourse Financial Group Securities Inc. purchased a new position in BlackRock Flexible Income ETF in the fourth quarter valued at about $3,656,000.

BlackRock Flexible Income ETF Price Performance

Shares of NYSEARCA BINC traded up $0.05 on Friday, hitting $52.20. The company had a trading volume of 222,579 shares, compared to its average volume of 680,853. BlackRock Flexible Income ETF has a 12-month low of $49.54 and a 12-month high of $52.62. The business has a 50 day moving average of $52.06 and a two-hundred day moving average of $51.93.

About BlackRock Flexible Income 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.