iShares Flexible Income Active ETF (NYSEARCA:BINC) Reaches New 1-Year Low – Here’s Why

iShares Flexible Income Active ETF (NYSEARCA:BINC) shares hit a new 52-week low on Tuesday. The stock traded as low as $50.83 and last traded at $50.89, with a volume of 2145641 shares traded. The stock had previously closed at $51.01.

iShares Flexible Income Active ETF Stock Performance

The stock has a 50 day simple moving average of $51.68 and a two-hundred day simple moving average of $52.00.

Institutional Trading of iShares Flexible Income Active ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in iShares Flexible Income Active ETF by 9.3% in the fourth quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock valued at $651,418,000 after acquiring an additional 1,048,214 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of iShares Flexible Income Active ETF by 4.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock worth $83,359,000 after purchasing an additional 65,625 shares during the period. Bank of New York Mellon Corp grew its stake in shares of iShares Flexible Income Active ETF by 9.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock worth $78,229,000 after purchasing an additional 133,224 shares during the period. Parallel Advisors LLC increased its holdings in shares of iShares Flexible Income Active ETF by 8.3% during the 1st quarter. Parallel Advisors LLC now owns 642,004 shares of the company’s stock valued at $33,339,000 after purchasing an additional 49,130 shares in the last quarter. Finally, Shah Wealth Advisors LLC purchased a new position in shares of iShares Flexible Income Active ETF during the 2nd quarter valued at approximately $26,624,000.

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.