Tidemark LLC Raises Stake in iShares Flexible Income Active ETF $BINC

Tidemark LLC grew its holdings in iShares Flexible Income Active ETF (NYSEARCA:BINC) by 9.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 187,508 shares of the company’s stock after buying an additional 16,294 shares during the period. iShares Flexible Income Active ETF accounts for approximately 2.8% of Tidemark LLC’s portfolio, making the stock its 11th largest position. Tidemark LLC’s holdings in iShares Flexible Income Active ETF were worth $9,895,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BINC. Elyxium Wealth LLC purchased a new position in shares of iShares Flexible Income Active ETF during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new stake in iShares Flexible Income Active ETF during the 4th quarter worth approximately $30,000. Canton Hathaway LLC acquired a new position in shares of iShares Flexible Income Active ETF in the fourth quarter valued at approximately $32,000. Proathlete Wealth Management LLC purchased a new stake in shares of iShares Flexible Income Active ETF during the fourth quarter worth approximately $40,000. Finally, Bessemer Group Inc. purchased a new stake in shares of iShares Flexible Income Active ETF during the third quarter worth approximately $53,000.

iShares Flexible Income Active ETF Stock Up 0.1%

Shares of NYSEARCA BINC opened at $52.17 on Wednesday. The stock has a fifty day moving average price of $52.16 and a 200 day moving average price of $52.65. iShares Flexible Income Active ETF has a 1-year low of $51.60 and a 1-year high of $53.51.

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. BINC was launched on May 19, 2023 and is managed by BlackRock.