Eldridge Investment Advisors Inc. grew its holdings in iShares Flexible Income Active ETF (NYSEARCA:BINC – Free Report) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,894 shares of the company’s stock after acquiring an additional 19,190 shares during the period. iShares Flexible Income Active ETF comprises approximately 1.9% of Eldridge Investment Advisors Inc.’s holdings, making the stock its 17th biggest holding. Eldridge Investment Advisors Inc. owned about 0.05% of iShares Flexible Income Active ETF worth $8,438,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BINC. Ameriprise Financial Inc. increased its stake in iShares Flexible Income Active ETF by 57.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,808,502 shares of the company’s stock worth $362,437,000 after buying an additional 2,489,130 shares during the period. JPMorgan Chase & Co. increased its stake in iShares Flexible Income Active ETF by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock worth $651,418,000 after buying an additional 1,048,214 shares during the period. Parallel Advisors LLC increased its stake in iShares Flexible Income Active ETF by 50.0% during the 3rd quarter. Parallel Advisors LLC now owns 511,503 shares of the company’s stock worth $27,232,000 after buying an additional 170,583 shares during the period. NewEdge Advisors LLC increased its stake 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 worth $52,934,000 after buying an additional 144,239 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in iShares Flexible Income Active ETF by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 321,728 shares of the company’s stock worth $16,978,000 after buying an additional 136,183 shares during the period.
iShares Flexible Income Active ETF Stock Down 0.1%
iShares Flexible Income Active ETF stock opened at $51.96 on Tuesday. iShares Flexible Income Active ETF has a 12-month low of $51.60 and a 12-month high of $53.51. The firm’s fifty day moving average price is $52.19 and its 200 day moving average price is $52.61.
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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