iShares Flexible Income Active ETF $BINC Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC grew its stake in iShares Flexible Income Active ETF (NYSEARCA:BINC) by 8.3% during the 1st quarter, Holdings Channel reports. The fund owned 642,004 shares of the company’s stock after acquiring an additional 49,130 shares during the period. iShares Flexible Income Active ETF comprises about 0.6% of Parallel Advisors LLC’s portfolio, making the stock its 28th biggest position. Parallel Advisors LLC’s holdings in iShares Flexible Income Active ETF were worth $33,339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BINC. JPMorgan Chase & Co. raised its stake in 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 valued at $651,418,000 after purchasing an additional 1,048,214 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of iShares Flexible Income Active ETF by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock worth $83,359,000 after buying an additional 65,625 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of iShares Flexible Income Active ETF by 9.9% in the fourth 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 during the last quarter. NewEdge Advisors LLC raised its position in shares of iShares Flexible Income Active ETF by 17.0% in the third 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 during the last quarter. Finally, United Capital Financial Advisors LLC lifted its stake in shares of iShares Flexible Income Active ETF by 13.0% during the third 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 during the period.

iShares Flexible Income Active ETF Stock Performance

Shares of NYSEARCA BINC opened at $52.14 on Monday. iShares Flexible Income Active ETF has a 1 year low of $51.60 and a 1 year high of $53.51. The firm’s 50 day moving average price is $52.19 and its 200 day moving average price is $52.46.

iShares Flexible Income Active ETF 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.