iShares Flexible Income Active ETF (NYSEARCA:BINC) Reaches New 12-Month Low – Should You Sell?

iShares Flexible Income Active ETF (NYSEARCA:BINC) shares hit a new 52-week low during trading on Thursday . The company traded as low as $50.87 and last traded at $51.65, with a volume of 1985841 shares changing hands. The stock had previously closed at $51.23.

iShares Flexible Income Active ETF Stock Up 0.8 %

The stock has a 50 day moving average price of $52.31 and a 200 day moving average price of $52.50.

Institutional Trading of iShares Flexible Income Active ETF

A number of large investors have recently bought and sold shares of BINC. ORG Partners LLC grew its stake in shares of iShares Flexible Income Active ETF by 15.3% in the 4th quarter. ORG Partners LLC now owns 1,617 shares of the company’s stock valued at $84,000 after buying an additional 215 shares during the period. Ameriflex Group Inc. acquired a new position in iShares Flexible Income Active ETF during the 4th quarter valued at about $120,000. NBC Securities Inc. boosted its stake in iShares Flexible Income Active ETF by 244,100.0% during the 1st quarter. NBC Securities Inc. now owns 2,442 shares of the company’s stock valued at $127,000 after purchasing an additional 2,441 shares during the last quarter. PSI Advisors LLC boosted its stake 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 valued at $128,000 after purchasing an additional 1,814 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in iShares Flexible Income Active ETF by 45.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,499 shares of the company’s stock valued at $131,000 after purchasing an additional 783 shares during the last quarter.

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.