Mengis Capital Management Inc. Acquires 18,109 Shares of iShares Flexible Income Active ETF (NYSEARCA:BINC)

Mengis Capital Management Inc. grew its holdings in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 67.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,879 shares of the company’s stock after buying an additional 18,109 shares during the period. Mengis Capital Management Inc.’s holdings in iShares Flexible Income Active ETF were worth $2,335,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of iShares Flexible Income Active ETF by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 7,868,066 shares of the company’s stock valued at $421,178,000 after buying an additional 1,038,895 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in iShares Flexible Income Active ETF by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,208,604 shares of the company’s stock worth $62,872,000 after purchasing an additional 60,540 shares in the last quarter. Icon Wealth Advisors LLC grew its stake in iShares Flexible Income Active ETF by 37.9% in the third quarter. Icon Wealth Advisors LLC now owns 174,040 shares of the company’s stock worth $9,316,000 after purchasing an additional 47,845 shares in the last quarter. Global Wealth Strategies & Associates grew its stake in iShares Flexible Income Active ETF by 18,380.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 138,607 shares of the company’s stock worth $7,210,000 after purchasing an additional 137,857 shares in the last quarter. Finally, Strategic Blueprint LLC grew its stake in iShares Flexible Income Active ETF by 7.3% in the fourth quarter. Strategic Blueprint LLC now owns 136,894 shares of the company’s stock worth $7,121,000 after purchasing an additional 9,271 shares in the last quarter.

iShares Flexible Income Active ETF Price Performance

Shares of NYSEARCA:BINC opened at $52.70 on Tuesday. iShares Flexible Income Active ETF has a 52-week low of $51.53 and a 52-week high of $53.56. The business’s 50 day moving average is $52.25 and its 200 day moving average is $52.70.

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.