Ameriprise Financial Inc. Raises Position in iShares Flexible Income Active ETF $BINC

Ameriprise Financial Inc. grew its holdings in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 57.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,808,502 shares of the company’s stock after acquiring an additional 2,489,130 shares during the period. Ameriprise Financial Inc. owned about 2.63% of iShares Flexible Income Active ETF worth $362,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new stake in iShares Flexible Income Active ETF in the third quarter worth about $28,000. Bessemer Group Inc. purchased a new position in shares of iShares Flexible Income Active ETF during the 3rd quarter valued at about $53,000. Imprint Wealth LLC bought a new position in shares of iShares Flexible Income Active ETF during the 3rd quarter valued at approximately $74,000. Golden State Wealth Management LLC increased its holdings in iShares Flexible Income Active ETF by 12.3% in the 3rd quarter. Golden State Wealth Management LLC now owns 3,485 shares of the company’s stock worth $186,000 after acquiring an additional 382 shares in the last quarter. Finally, Colonial Trust Co SC increased its holdings in iShares Flexible Income Active ETF by 12.4% in the 3rd quarter. Colonial Trust Co SC now owns 4,098 shares of the company’s stock worth $218,000 after acquiring an additional 452 shares in the last quarter.

iShares Flexible Income Active ETF Stock Performance

NYSEARCA BINC opened at $52.14 on Tuesday. iShares Flexible Income Active ETF has a 12 month low of $50.84 and a 12 month high of $53.51. The company’s 50 day moving average is $52.92 and its two-hundred day moving average is $53.03.

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.