Pettinga Financial Advisors LLC Grows Position in BlackRock Flexible Income ETF (NYSEARCA:BINC)

Pettinga Financial Advisors LLC raised its stake in BlackRock Flexible Income ETF (NYSEARCA:BINC) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,634 shares of the company’s stock after buying an additional 3,238 shares during the quarter. Pettinga Financial Advisors LLC owned about 0.06% of BlackRock Flexible Income ETF worth $1,704,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BINC. YHB Investment Advisors Inc. purchased a new position in BlackRock Flexible Income ETF in the first quarter valued at approximately $25,000. Hexagon Capital Partners LLC acquired a new position in BlackRock Flexible Income ETF during the 2nd quarter worth approximately $26,000. Retirement Group LLC raised its stake in shares of BlackRock Flexible Income ETF by 927.3% during the 1st 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 shares of BlackRock Flexible Income ETF during the 1st quarter worth $31,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of BlackRock Flexible Income ETF during the 1st quarter valued at approximately $33,000.

BlackRock Flexible Income ETF Stock Performance

BINC traded up $0.15 during midday trading on Friday, reaching $53.20. 413,232 shares of the company’s stock were exchanged, compared to its average volume of 622,298. BlackRock Flexible Income ETF has a 1-year low of $49.54 and a 1-year high of $53.21. The business’s 50-day moving average price is $52.54 and its 200 day moving average price is $52.27.

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.