iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Large Volume Increase – What’s Next?

iShares Flexible Income Active ETF (NYSEARCA:BINC) shares saw unusually-strong trading volume on Wednesday . Approximately 2,174,335 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 2,056,217 shares.The stock last traded at $53.0450 and had previously closed at $53.08.

iShares Flexible Income Active ETF Trading Up 0.1%

The firm’s fifty day moving average is $52.93 and its 200-day moving average is $53.04.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in iShares Flexible Income Active ETF during the 4th quarter worth $25,000. Trust Co. of Vermont bought a new position in iShares Flexible Income Active ETF in the third quarter valued at about $28,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares Flexible Income Active ETF during the fourth quarter valued at about $30,000. Canton Hathaway LLC acquired a new stake in shares of iShares Flexible Income Active ETF during the fourth quarter valued at about $32,000. Finally, Curio Wealth LLC grew its holdings in shares of iShares Flexible Income Active ETF by 577.0% during the fourth quarter. Curio Wealth LLC now owns 677 shares of the company’s stock worth $36,000 after purchasing an additional 577 shares during the last quarter.

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