BlackRock Flexible Income ETF (NYSEARCA:BINC) Sets New 1-Year High at $53.56

BlackRock Flexible Income ETF (NYSEARCA:BINC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $53.56 and last traded at $53.55, with a volume of 89204 shares changing hands. The stock had previously closed at $53.55.

BlackRock Flexible Income ETF Price Performance

The stock has a 50-day simple moving average of $53.04 and a 200-day simple moving average of $52.45.

Institutional Trading of BlackRock Flexible Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. YHB Investment Advisors Inc. purchased a new position in BlackRock Flexible Income ETF during the first quarter valued at approximately $25,000. Hexagon Capital Partners LLC purchased a new stake in BlackRock Flexible Income ETF in the second quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in BlackRock Flexible Income ETF in the second quarter valued at approximately $26,000. Retirement Group LLC lifted its position in BlackRock Flexible Income ETF by 927.3% during the first quarter. Retirement Group LLC now owns 565 shares of the company’s stock valued at $30,000 after purchasing an additional 510 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in BlackRock Flexible Income ETF in the 1st quarter worth approximately $31,000.

About BlackRock Flexible Income 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.