BlackRock Flexible Income ETF (NYSEARCA:BINC) Reaches New 52-Week High at $53.53

BlackRock Flexible Income ETF (NYSEARCA:BINC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.53 and last traded at $53.44, with a volume of 2121124 shares changing hands. The stock had previously closed at $53.44.

BlackRock Flexible Income ETF Stock Down 0.1 %

The company’s 50 day moving average is $52.88 and its 200-day moving average is $52.39.

Institutional Investors Weigh In On BlackRock Flexible Income ETF

Large investors have recently bought and sold shares of the company. YHB Investment Advisors Inc. bought a new position in shares of BlackRock Flexible Income ETF during the first quarter valued at $25,000. Hexagon Capital Partners LLC acquired a new stake in BlackRock Flexible Income ETF in the second quarter worth $26,000. Ashton Thomas Private Wealth LLC bought a new stake in BlackRock Flexible Income ETF in the 2nd quarter valued at about $26,000. Retirement Group LLC raised its stake in BlackRock Flexible Income ETF by 927.3% during the 1st quarter. Retirement Group LLC now owns 565 shares of the company’s stock worth $30,000 after buying an additional 510 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in BlackRock Flexible Income ETF in the first 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.