Duncan Williams Asset Management LLC Invests $3.41 Million in iShares Flexible Income Active ETF $BINC

Duncan Williams Asset Management LLC bought a new position in iShares Flexible Income Active ETF (NYSEARCA:BINC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 64,448 shares of the company’s stock, valued at approximately $3,405,000.

Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new position in shares of iShares Flexible Income Active ETF during the 1st quarter worth $30,000. Cornerstone Planning Group LLC lifted its position in shares of iShares Flexible Income Active ETF by 41.1% during the first quarter. Cornerstone Planning Group LLC now owns 1,212 shares of the company’s stock worth $63,000 after acquiring an additional 353 shares in the last quarter. Olde Wealth Management LLC bought a new position in shares of iShares Flexible Income Active ETF in the first quarter worth $77,000. Sound Income Strategies LLC grew its position in shares of iShares Flexible Income Active ETF by 547.6% in the second quarter. Sound Income Strategies LLC now owns 1,632 shares of the company’s stock valued at $86,000 after purchasing an additional 1,380 shares in the last quarter. Finally, ORG Partners LLC grew its position in shares of iShares Flexible Income Active ETF by 12.5% in the first quarter. ORG Partners LLC now owns 1,819 shares of the company’s stock valued at $95,000 after purchasing an additional 202 shares in the last quarter.

iShares Flexible Income Active ETF Price Performance

Shares of BINC opened at $53.13 on Monday. The stock’s 50-day simple moving average is $53.04 and its 200 day simple moving average is $52.49. iShares Flexible Income Active ETF has a 52-week low of $50.84 and a 52-week high of $53.48.

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.