Janney Montgomery Scott LLC Increases Stake in iShares Flexible Income Active ETF (NYSEARCA:BINC)

Janney Montgomery Scott LLC increased its stake in iShares Flexible Income Active ETF (NYSEARCA:BINC) by 5.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,208,604 shares of the company’s stock after acquiring an additional 60,540 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares Flexible Income Active ETF were worth $62,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC boosted its holdings in shares of iShares Flexible Income Active ETF by 152.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 4,964 shares of the company’s stock valued at $258,000 after buying an additional 3,000 shares in the last quarter. Hanseatic Management Services Inc. bought a new stake in shares of iShares Flexible Income Active ETF in the 4th quarter valued at about $4,591,000. Arkadios Wealth Advisors raised its position in shares of iShares Flexible Income Active ETF by 35.4% in the 4th quarter. Arkadios Wealth Advisors now owns 10,590 shares of the company’s stock valued at $551,000 after purchasing an additional 2,769 shares during the last quarter. HCR Wealth Advisors raised its position in shares of iShares Flexible Income Active ETF by 20.5% in the 4th quarter. HCR Wealth Advisors now owns 98,797 shares of the company’s stock valued at $5,139,000 after purchasing an additional 16,783 shares during the last quarter. Finally, PSI Advisors LLC raised its position in iShares Flexible Income Active ETF by 283.0% during the 4th quarter. PSI Advisors LLC now owns 2,455 shares of the company’s stock worth $128,000 after buying an additional 1,814 shares during the last quarter.

iShares Flexible Income Active ETF Price Performance

BINC opened at $52.34 on Thursday. iShares Flexible Income Active ETF has a 12-month low of $51.53 and a 12-month high of $53.56. The firm has a 50 day moving average of $52.40 and a two-hundred day moving average of $52.73.

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.