Bank of New York Mellon Corp Sells 260,891 Shares of iShares Flexible Income Active ETF $BINC

Bank of New York Mellon Corp lessened its holdings in iShares Flexible Income Active ETF (NYSEARCA:BINC) by 17.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,221,559 shares of the company’s stock after selling 260,891 shares during the quarter. Bank of New York Mellon Corp owned 0.38% of iShares Flexible Income Active ETF worth $63,436,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC lifted its holdings in shares of iShares Flexible Income Active ETF by 3.3% during the 4th quarter. ORG Partners LLC now owns 10,010 shares of the company’s stock worth $528,000 after acquiring an additional 316 shares during the period. Cedar Mountain Advisors LLC increased its stake in iShares Flexible Income Active ETF by 0.3% in the first quarter. Cedar Mountain Advisors LLC now owns 126,378 shares of the company’s stock valued at $6,563,000 after acquiring an additional 320 shares during the period. Fiduciary Alliance LLC raised its position in iShares Flexible Income Active ETF by 4.1% in the first quarter. Fiduciary Alliance LLC now owns 8,171 shares of the company’s stock worth $428,000 after purchasing an additional 321 shares in the last quarter. Western Wealth Management LLC raised its position in iShares Flexible Income Active ETF by 2.0% in the fourth quarter. Western Wealth Management LLC now owns 20,210 shares of the company’s stock worth $1,066,000 after purchasing an additional 401 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its stake in iShares Flexible Income Active ETF by 1.0% during the fourth quarter. Ashton Thomas Securities LLC now owns 48,170 shares of the company’s stock worth $2,536,000 after purchasing an additional 466 shares during the period.

iShares Flexible Income Active ETF Stock Down 0.2%

NYSEARCA BINC opened at $51.96 on Thursday. The stock’s 50 day moving average is $52.18 and its two-hundred day moving average is $52.44. 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.