US Bancorp DE Acquires New Position in BlackRock Flexible Income ETF (NYSEARCA:BINC)

US Bancorp DE bought a new stake in BlackRock Flexible Income ETF (NYSEARCA:BINC) during the first quarter, HoldingsChannel.com reports. The fund bought 168,694 shares of the company’s stock, valued at approximately $8,850,000.

A number of other hedge funds have also made changes to their positions in the business. Quotient Wealth Partners LLC acquired a new stake in BlackRock Flexible Income ETF during the 4th quarter valued at $130,802,000. Envestnet Portfolio Solutions Inc. grew its holdings in BlackRock Flexible Income ETF by 2,120.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,023,443 shares of the company’s stock valued at $106,150,000 after purchasing an additional 1,932,320 shares in the last quarter. CWM LLC grew its holdings in BlackRock Flexible Income ETF by 33,255.1% during the 1st 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 in the last quarter. Park Avenue Securities LLC grew its holdings in BlackRock Flexible Income ETF by 2,157.2% during the 1st 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 in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in BlackRock Flexible Income ETF during the 1st quarter valued at $36,579,000.

BlackRock Flexible Income ETF Price Performance

BINC traded up $0.10 during trading hours on Tuesday, reaching $52.62. 361,014 shares of the stock traded hands, compared to its average volume of 628,500. BlackRock Flexible Income ETF has a fifty-two week low of $49.54 and a fifty-two week high of $52.62. The firm’s fifty day simple moving average is $52.18 and its two-hundred day simple moving average is $52.16.

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.