BlackRock Flexible Income ETF (NYSEARCA:BINC) Sees Strong Trading Volume

BlackRock Flexible Income ETF (NYSEARCA:BINC) shares saw strong trading volume on Tuesday . 769,677 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 756,388 shares.The stock last traded at $51.89 and had previously closed at $51.87.

BlackRock Flexible Income ETF Price Performance

The company’s fifty day moving average is $52.16 and its two-hundred day moving average is $51.61.

Institutional Investors Weigh In On BlackRock Flexible Income ETF

Several institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of BlackRock Flexible Income ETF during the 1st quarter worth $31,000. Global Wealth Strategies & Associates purchased a new stake in shares of BlackRock Flexible Income ETF during the 1st quarter worth $39,000. Park Place Capital Corp purchased a new stake in BlackRock Flexible Income ETF in the fourth quarter valued at $55,000. Kestra Private Wealth Services LLC lifted its position in BlackRock Flexible Income ETF by 16.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 7,494 shares of the company’s stock valued at $392,000 after acquiring an additional 1,084 shares during the last quarter. Finally, Beta Wealth Group Inc. lifted its position in BlackRock Flexible Income ETF by 2.4% in the fourth quarter. Beta Wealth Group Inc. now owns 54,487 shares of the company’s stock valued at $2,848,000 after acquiring an additional 1,279 shares during the last quarter.

BlackRock Flexible Income 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.