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

Mengis Capital Management Inc. raised its stake in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 67.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,879 shares of the company’s stock after purchasing an additional 18,109 shares during the period. Mengis Capital Management Inc. owned 0.08% of iShares Flexible Income Active ETF worth $2,335,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of iShares Flexible Income Active ETF by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 7,868,066 shares of the company’s stock valued at $421,178,000 after acquiring an additional 1,038,895 shares in the last quarter. Global Wealth Strategies & Associates lifted its position in shares of 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 valued at $7,210,000 after acquiring an additional 137,857 shares in the last quarter. Hanseatic Management Services Inc. purchased a new position in shares of iShares Flexible Income Active ETF in the fourth quarter valued at about $4,591,000. Janney Montgomery Scott LLC lifted its position in shares of 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 valued at $62,872,000 after acquiring an additional 60,540 shares in the last quarter. Finally, Icon Wealth Advisors LLC lifted its position in shares of 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 valued at $9,316,000 after acquiring an additional 47,845 shares in the last quarter.

iShares Flexible Income Active ETF Stock Performance

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

iShares Flexible Income Active ETF Profile

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.