Bank of New York Mellon Corp Purchases 133,224 Shares of iShares Flexible Income Active ETF $BINC

Bank of New York Mellon Corp lifted its position in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,482,450 shares of the company’s stock after purchasing an additional 133,224 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Flexible Income Active ETF were worth $78,229,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Redwood Investment Management LLC raised its position in iShares Flexible Income Active ETF by 11.3% in the second quarter. Redwood Investment Management LLC now owns 24,124 shares of the company’s stock worth $1,275,000 after acquiring an additional 2,442 shares during the period. Bessemer Group Inc. bought a new stake in shares of iShares Flexible Income Active ETF in the third quarter valued at approximately $53,000. Western Wealth Management LLC raised its position in shares of iShares Flexible Income Active ETF by 1.8% in the third quarter. Western Wealth Management LLC now owns 19,809 shares of the company’s stock valued at $1,055,000 after purchasing an additional 349 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares Flexible Income Active ETF by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 11,296,259 shares of the company’s stock valued at $601,413,000 after purchasing an additional 490,193 shares during the period. Finally, Synergy Investment Management LLC bought a new stake in shares of iShares Flexible Income Active ETF in the third quarter valued at approximately $4,574,000.

iShares Flexible Income Active ETF Price Performance

NYSEARCA BINC opened at $52.04 on Wednesday. The company’s 50 day moving average is $52.20 and its 200-day moving average is $52.61. iShares Flexible Income Active ETF has a 12-month low of $51.60 and a 12-month 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.