BlackRock Flexible Income ETF (NYSEARCA:BINC) Reaches New 52-Week High at $52.62

BlackRock Flexible Income ETF (NYSEARCA:BINC)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $52.62 and last traded at $52.62, with a volume of 361014 shares traded. The stock had previously closed at $52.52.

BlackRock Flexible Income ETF Stock Performance

The company’s 50-day simple moving average is $52.18 and its 200-day simple moving average is $52.16.

Institutional Trading of BlackRock Flexible Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BINC. YHB Investment Advisors Inc. purchased a new stake in BlackRock Flexible Income ETF during the first quarter worth about $25,000. Hexagon Capital Partners LLC purchased a new stake in BlackRock Flexible Income ETF during the second quarter worth about $26,000. Retirement Group LLC boosted its holdings in BlackRock Flexible Income ETF by 927.3% during the first quarter. Retirement Group LLC now owns 565 shares of the company’s stock worth $30,000 after buying an additional 510 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in BlackRock Flexible Income ETF during the first quarter worth about $31,000. Finally, Eagle Bay Advisors LLC purchased a new stake in BlackRock Flexible Income ETF during the first quarter worth about $33,000.

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.