Kickstand Ventures LLC. Trims Stock Position in iShares Flexible Income Active ETF $BINC

Kickstand Ventures LLC. reduced its stake in shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) by 18.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 51,886 shares of the company’s stock after selling 11,378 shares during the quarter. Kickstand Ventures LLC.’s holdings in iShares Flexible Income Active ETF were worth $2,716,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BINC. Redwood Investment Management LLC grew its stake in shares of iShares Flexible Income Active ETF by 11.3% during the 2nd quarter. Redwood Investment Management LLC now owns 24,124 shares of the company’s stock worth $1,275,000 after purchasing an additional 2,442 shares during the period. Imprint Wealth LLC acquired a new position in shares of iShares Flexible Income Active ETF in the third quarter worth about $74,000. United Capital Financial Advisors LLC grew its position in shares of iShares Flexible Income Active ETF by 13.0% during the 3rd quarter. United Capital Financial Advisors LLC now owns 937,094 shares of the company’s stock valued at $49,891,000 after acquiring an additional 108,135 shares during the period. NewEdge Advisors LLC increased its stake in shares of iShares Flexible Income Active ETF by 17.0% in the 3rd quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock valued at $52,934,000 after purchasing an additional 144,239 shares in the last quarter. Finally, Keystone Financial Group boosted its position in iShares Flexible Income Active ETF by 8.4% during the third quarter. Keystone Financial Group now owns 48,766 shares of the company’s stock worth $2,596,000 after purchasing an additional 3,760 shares in the last quarter.

iShares Flexible Income Active ETF Stock Up 0.2%

Shares of BINC stock opened at $51.65 on Friday. iShares Flexible Income Active ETF has a 1-year low of $51.54 and a 1-year high of $53.51. The stock has a 50 day simple moving average of $52.03 and a 200-day simple moving average of $52.22.

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.