Mengis Capital Management Inc. Makes New Investment in iShares Flexible Income Active ETF (NYSEARCA:BINC)

Mengis Capital Management Inc. bought a new stake in iShares Flexible Income Active ETF (NYSEARCA:BINC) in the third quarter, HoldingsChannel reports. The firm bought 26,770 shares of the company’s stock, valued at approximately $1,433,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BINC. Dynasty Wealth Management LLC purchased a new position in iShares Flexible Income Active ETF during the 1st quarter valued at about $163,937,000. Sequoia Financial Advisors LLC purchased a new position in shares of iShares Flexible Income Active ETF during the second quarter valued at approximately $67,737,000. Cetera Investment Advisers bought a new stake in shares of iShares Flexible Income Active ETF in the 1st quarter worth approximately $67,814,000. Envestnet Asset Management Inc. grew its stake in shares of iShares Flexible Income Active ETF by 7.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,607,725 shares of the company’s stock worth $762,523,000 after buying an additional 1,014,302 shares during the last quarter. Finally, LHM Inc. increased its position in iShares Flexible Income Active ETF by 777.3% during the 2nd quarter. LHM Inc. now owns 757,809 shares of the company’s stock valued at $39,558,000 after buying an additional 671,432 shares in the last quarter.

iShares Flexible Income Active ETF Trading Down 0.2 %

Shares of NYSEARCA:BINC opened at $52.55 on Wednesday. The stock has a fifty day simple moving average of $53.03 and a two-hundred day simple moving average of $52.61. iShares Flexible Income Active ETF has a 12-month low of $50.34 and a 12-month high of $53.56.

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.