First National Bank & Trust Co. of Newtown Invests $4.61 Million in iShares Flexible Income Active ETF $BINC

First National Bank & Trust Co. of Newtown purchased a new position in iShares Flexible Income Active ETF (NYSEARCA:BINC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 87,260 shares of the company’s stock, valued at approximately $4,605,000. iShares Flexible Income Active ETF comprises about 0.8% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 20th biggest position.

A number of other large investors also recently modified their holdings of BINC. Eagle Bay Advisors LLC bought a new position in shares of iShares Flexible Income Active ETF in the 4th quarter worth about $30,000. Canton Hathaway LLC bought a new position in shares of iShares Flexible Income Active ETF in the 4th quarter worth about $32,000. Proathlete Wealth Management LLC bought a new position in shares of iShares Flexible Income Active ETF in the 4th quarter worth about $40,000. Bessemer Group Inc. bought a new position in shares of iShares Flexible Income Active ETF in the 3rd quarter worth about $53,000. Finally, Imprint Wealth LLC bought a new position in shares of iShares Flexible Income Active ETF in the 3rd quarter worth about $74,000.

iShares Flexible Income Active ETF Stock Performance

iShares Flexible Income Active ETF stock opened at $52.47 on Monday. The firm’s 50-day moving average is $52.41 and its 200-day moving average is $52.81. iShares Flexible Income Active ETF has a 1 year low of $51.60 and a 1 year high of $53.51.

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.