Kestra Investment Management LLC Buys Shares of 611,581 BlackRock Flexible Income ETF (NYSEARCA:BINC)

Kestra Investment Management LLC bought a new stake in shares of BlackRock Flexible Income ETF (NYSEARCA:BINC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 611,581 shares of the company’s stock, valued at approximately $31,925,000. BlackRock Flexible Income ETF makes up about 2.2% of Kestra Investment Management LLC’s portfolio, making the stock its 12th biggest position. Kestra Investment Management LLC owned approximately 1.08% of BlackRock Flexible Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BINC. Dynasty Wealth Management LLC acquired a new stake in shares of BlackRock Flexible Income ETF in the 1st quarter worth $163,937,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of BlackRock Flexible Income ETF by 2,120.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,023,443 shares of the company’s stock worth $106,150,000 after purchasing an additional 1,932,320 shares in the last quarter. CWM LLC boosted its position in shares of BlackRock Flexible Income ETF by 33,255.1% in the 1st quarter. CWM LLC now owns 1,667,755 shares of the company’s stock worth $87,490,000 after purchasing an additional 1,662,755 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of BlackRock Flexible Income ETF in the 2nd quarter worth $67,737,000. Finally, Cetera Investment Advisers acquired a new stake in shares of BlackRock Flexible Income ETF in the 1st quarter worth $67,814,000.

BlackRock Flexible Income ETF Price Performance

BlackRock Flexible Income ETF stock opened at $53.53 on Tuesday. BlackRock Flexible Income ETF has a 1-year low of $49.54 and a 1-year high of $53.56. The business has a fifty day moving average price of $53.06 and a 200-day moving average price of $52.46.

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.