Eldridge Investment Advisors Inc. Increases Holdings in iShares Flexible Income Active ETF (NYSEARCA:BINC)

Eldridge Investment Advisors Inc. raised its position in iShares Flexible Income Active ETF (NYSEARCA:BINC) by 67.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,914 shares of the company’s stock after purchasing an additional 34,511 shares during the quarter. iShares Flexible Income Active ETF accounts for approximately 1.0% of Eldridge Investment Advisors Inc.’s holdings, making the stock its 27th biggest holding. Eldridge Investment Advisors Inc.’s holdings in iShares Flexible Income Active ETF were worth $4,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in iShares Flexible Income Active ETF by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,868,066 shares of the company’s stock worth $421,178,000 after purchasing an additional 1,038,895 shares during the period. Janney Montgomery Scott LLC raised its position in iShares Flexible Income Active ETF by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,208,604 shares of the company’s stock worth $62,872,000 after purchasing an additional 60,540 shares during the period. Bank of New York Mellon Corp raised its position in iShares Flexible Income Active ETF by 11.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,007,819 shares of the company’s stock worth $52,427,000 after purchasing an additional 101,880 shares during the period. Vantage Financial Partners LLC purchased a new stake in iShares Flexible Income Active ETF in the 4th quarter worth about $9,211,000. Finally, Icon Wealth Advisors LLC raised its position in iShares Flexible Income Active ETF by 37.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 174,040 shares of the company’s stock worth $9,316,000 after purchasing an additional 47,845 shares during the period.

iShares Flexible Income Active ETF Price Performance

iShares Flexible Income Active ETF stock opened at $52.28 on Friday. The company’s 50-day moving average is $52.38 and its 200 day moving average is $52.66. iShares Flexible Income Active ETF has a 1-year low of $51.53 and a 1-year high of $53.57.

iShares Flexible Income Active ETF 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.