iShares Flexible Income Active ETF (NYSEARCA:BINC) Hits New 1-Year Low – Here’s What Happened

iShares Flexible Income Active ETF (NYSEARCA:BINC) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $51.58 and last traded at $51.60, with a volume of 945862 shares. The stock had previously closed at $51.95.

iShares Flexible Income Active ETF Trading Down 0.8%

The company’s 50-day moving average is $52.07 and its 200 day moving average is $52.25.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Several hedge funds have recently modified their holdings of the company. Cedar Mountain Advisors LLC grew its position in shares of iShares Flexible Income Active ETF by 0.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 126,378 shares of the company’s stock valued at $6,563,000 after acquiring an additional 320 shares during the period. Fiduciary Alliance LLC boosted its position in iShares Flexible Income Active ETF by 4.1% during the first quarter. Fiduciary Alliance LLC now owns 8,171 shares of the company’s stock worth $428,000 after purchasing an additional 321 shares in the last quarter. Western Wealth Management LLC boosted its position in iShares Flexible Income Active ETF by 2.0% during the fourth quarter. Western Wealth Management LLC now owns 20,210 shares of the company’s stock worth $1,066,000 after purchasing an additional 401 shares in the last quarter. Elyxium Wealth LLC purchased a new position in iShares Flexible Income Active ETF during the fourth quarter worth approximately $25,000. Finally, Golden State Wealth Management LLC grew its holdings in iShares Flexible Income Active ETF by 15.8% in the fourth quarter. Golden State Wealth Management LLC now owns 4,034 shares of the company’s stock valued at $213,000 after purchasing an additional 549 shares during the period.

iShares Flexible Income Active ETF Company 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. BINC was launched on May 19, 2023 and is managed by BlackRock.