Parallel Advisors LLC Buys 81,371 Shares of iShares Flexible Income Active ETF $BINC

Parallel Advisors LLC increased its stake in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 592,874 shares of the company’s stock after acquiring an additional 81,371 shares during the quarter. iShares Flexible Income Active ETF comprises about 0.6% of Parallel Advisors LLC’s portfolio, making the stock its 29th largest holding. Parallel Advisors LLC owned approximately 0.19% of iShares Flexible Income Active ETF worth $31,286,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BINC. Elyxium Wealth LLC bought a new position in shares of iShares Flexible Income Active ETF during the fourth quarter worth $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares Flexible Income Active ETF during the fourth quarter worth $30,000. Canton Hathaway LLC bought a new position in shares of iShares Flexible Income Active ETF during the fourth quarter worth $32,000. Curio Wealth LLC boosted its position in shares of iShares Flexible Income Active ETF by 577.0% during the fourth quarter. Curio Wealth LLC now owns 677 shares of the company’s stock worth $36,000 after acquiring an additional 577 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in shares of iShares Flexible Income Active ETF during the fourth quarter worth $40,000.

iShares Flexible Income Active ETF Stock Performance

Shares of NYSEARCA:BINC opened at $52.12 on Friday. The firm has a fifty day moving average price of $52.18 and a 200 day moving average price of $52.63. iShares Flexible Income Active ETF has a fifty-two week low of $51.60 and a fifty-two week 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.