Cobblestone Asset Management LLC Trims Stock Holdings in BlackRock Flexible Income ETF (NYSEARCA:BINC)

Cobblestone Asset Management LLC decreased its position in shares of BlackRock Flexible Income ETF (NYSEARCA:BINC) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,076 shares of the company’s stock after selling 402 shares during the quarter. BlackRock Flexible Income ETF makes up 1.5% of Cobblestone Asset Management LLC’s holdings, making the stock its 18th largest holding. Cobblestone Asset Management LLC owned about 0.08% of BlackRock Flexible Income ETF worth $2,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BINC. Dynasty Wealth Management LLC acquired a new stake in BlackRock Flexible Income ETF in the 1st quarter worth approximately $163,937,000. Quotient Wealth Partners LLC acquired a new position in BlackRock Flexible Income ETF in the 4th quarter worth approximately $130,802,000. Envestnet Portfolio Solutions Inc. raised its position 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 worth $106,150,000 after buying an additional 1,932,320 shares during the last quarter. CWM LLC lifted its stake 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 acquiring an additional 1,662,755 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of BlackRock Flexible Income ETF in the 2nd quarter valued at $67,737,000.

BlackRock Flexible Income ETF Trading Down 0.1 %

NYSEARCA BINC traded down $0.04 on Thursday, reaching $52.90. 717,983 shares of the company’s stock traded hands, compared to its average volume of 619,302. BlackRock Flexible Income ETF has a fifty-two week low of $49.54 and a fifty-two week high of $52.95. The stock has a 50 day moving average price of $52.42 and a 200-day moving average price of $52.24.

BlackRock Flexible Income ETF 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.