Shah Wealth Advisors LLC bought a new stake in iShares Flexible Income Active ETF (NYSEARCA:BINC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 508,683 shares of the company’s stock, valued at approximately $26,624,000. iShares Flexible Income Active ETF makes up about 6.1% of Shah Wealth Advisors LLC’s portfolio, making the stock its 6th largest holding. Shah Wealth Advisors LLC owned approximately 0.16% of iShares Flexible Income Active ETF as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of iShares Flexible Income Active ETF by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock worth $651,418,000 after purchasing an additional 1,048,214 shares in the last quarter. NewEdge Advisors LLC increased its position in iShares Flexible Income Active ETF by 17.0% during the 3rd quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock valued at $52,934,000 after buying an additional 144,239 shares in the last quarter. Bank of New York Mellon Corp increased its position in iShares Flexible Income Active ETF by 9.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock valued at $78,229,000 after buying an additional 133,224 shares in the last quarter. United Capital Financial Advisors LLC increased its position in iShares Flexible Income Active ETF by 13.0% during the 3rd quarter. United Capital Financial Advisors LLC now owns 937,094 shares of the company’s stock valued at $49,891,000 after buying an additional 108,135 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. purchased a new stake in iShares Flexible Income Active ETF in the fourth quarter valued at about $4,897,000.
iShares Flexible Income Active ETF Price Performance
Shares of NYSEARCA BINC opened at $51.68 on Friday. iShares Flexible Income Active ETF has a fifty-two week low of $51.54 and a fifty-two week high of $53.51. The business has a 50-day simple moving average of $52.01 and a two-hundred day simple moving average of $52.22.
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.
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