iShares Flexible Income Active ETF $BINC Stock Acquired by Parallel Advisors LLC

Parallel Advisors LLC increased its position in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 43.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,001,207 shares of the company’s stock after purchasing an additional 304,883 shares during the period. iShares Flexible Income Active ETF accounts for approximately 0.7% of Parallel Advisors LLC’s portfolio, making the stock its 23rd largest position. Parallel Advisors LLC’s holdings in iShares Flexible Income Active ETF were worth $50,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strive Financial Group LLC purchased a new position in iShares Flexible Income Active ETF in the second quarter valued at $33,000. XP Advisory US Inc. acquired a new stake in iShares Flexible Income Active ETF in the second quarter valued at $36,000. YANKCOM Partnership purchased a new stake in iShares Flexible Income Active ETF during the 3rd quarter worth about $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in iShares Flexible Income Active ETF during the 1st quarter worth about $43,000. Finally, Anchor Investment Management LLC purchased a new stake in iShares Flexible Income Active ETF during the 1st quarter worth about $52,000.

iShares Flexible Income Active ETF Trading Up 0.1%

Shares of NYSEARCA:BINC traded up $0.04 on Friday, hitting $50.82. 1,804,110 shares of the company’s stock were exchanged, compared to its average volume of 2,413,826. The firm’s 50-day moving average is $50.98 and its 200 day moving average is $51.99. iShares Flexible Income Active ETF has a 1-year low of $50.43 and a 1-year high of $53.42.

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.