BlackRock Flexible Income ETF (NYSEARCA:BINC) Sees Strong Trading Volume

BlackRock Flexible Income ETF (NYSEARCA:BINC) saw strong trading volume on Thursday . 282,794 shares traded hands during trading, a decline of 54% from the previous session’s volume of 616,623 shares.The stock last traded at $53.07 and had previously closed at $53.05.

BlackRock Flexible Income ETF Stock Performance

The company has a 50-day moving average of $52.72 and a 200-day moving average of $52.33.

Institutional Trading of BlackRock Flexible Income ETF

Large investors have recently bought and sold shares of the stock. Continuum Advisory LLC lifted its holdings in shares of BlackRock Flexible Income ETF by 13.0% during the second quarter. Continuum Advisory LLC now owns 1,716 shares of the company’s stock worth $90,000 after purchasing an additional 198 shares during the period. Gilliland Jeter Wealth Management LLC raised its holdings in shares of BlackRock Flexible Income ETF by 45.0% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 815 shares of the company’s stock worth $43,000 after purchasing an additional 253 shares during the last quarter. TRUE Private Wealth Advisors lifted its position in BlackRock Flexible Income ETF by 2.7% during the second quarter. TRUE Private Wealth Advisors now owns 13,669 shares of the company’s stock valued at $714,000 after purchasing an additional 362 shares during the period. Tennessee Valley Asset Management Partners boosted its holdings in BlackRock Flexible Income ETF by 2.9% in the second quarter. Tennessee Valley Asset Management Partners now owns 14,858 shares of the company’s stock valued at $776,000 after purchasing an additional 421 shares during the last quarter. Finally, YHB Investment Advisors Inc. purchased a new stake in BlackRock Flexible Income ETF in the first quarter valued at $25,000.

BlackRock Flexible Income ETF Company 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.