Kestra Investment Management LLC Takes Position in 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 second quarter, according to its most recent 13F filing 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 accounts for about 2.2% of Kestra Investment Management LLC’s portfolio, making the stock its 12th largest position.

A number of other institutional investors have also recently modified their holdings of BINC. UBS Group AG acquired a new stake in shares of BlackRock Flexible Income ETF during the 4th quarter valued at about $8,665,000. B. Riley Wealth Advisors Inc. grew its position in shares of BlackRock Flexible Income ETF by 148.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 13,726 shares of the company’s stock valued at $717,000 after acquiring an additional 8,208 shares during the period. Global Wealth Strategies & Associates acquired a new stake in shares of BlackRock Flexible Income ETF during the 1st quarter valued at about $39,000. Arden Trust Co acquired a new stake in shares of BlackRock Flexible Income ETF during the 1st quarter valued at about $19,514,000. Finally, CWM LLC grew its position in shares of BlackRock Flexible Income ETF by 33,255.1% during the 1st quarter. CWM LLC now owns 1,667,755 shares of the company’s stock valued at $87,490,000 after acquiring an additional 1,662,755 shares during the period.

BlackRock Flexible Income ETF Trading Down 0.0 %

BINC stock opened at $53.53 on Tuesday. BlackRock Flexible Income ETF has a 12-month low of $49.54 and a 12-month high of $53.56. The business’s 50-day moving average is $53.06 and its 200 day moving average is $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.