Park Place Capital Corp Boosts Stake in BlackRock Flexible Income ETF (NYSEARCA:BINC)

Park Place Capital Corp raised its holdings in shares of BlackRock Flexible Income ETF (NYSEARCA:BINC) by 418.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,415 shares of the company’s stock after buying an additional 4,370 shares during the quarter. Park Place Capital Corp’s holdings in BlackRock Flexible Income ETF were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quotient Wealth Partners LLC purchased a new position in shares of BlackRock Flexible Income ETF in the 4th quarter worth about $130,802,000. CWM LLC boosted its holdings in shares of BlackRock Flexible Income ETF by 33,255.1% in the 1st quarter. CWM LLC now owns 1,667,755 shares of the company’s stock worth $87,490,000 after purchasing an additional 1,662,755 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of BlackRock Flexible Income ETF by 2,157.2% in the 1st quarter. Park Avenue Securities LLC now owns 947,687 shares of the company’s stock worth $49,716,000 after purchasing an additional 905,701 shares in the last quarter. Wharton Business Group LLC boosted its holdings in shares of BlackRock Flexible Income ETF by 0.7% in the 4th quarter. Wharton Business Group LLC now owns 598,005 shares of the company’s stock worth $31,258,000 after purchasing an additional 4,155 shares in the last quarter. Finally, Arden Trust Co purchased a new position in shares of BlackRock Flexible Income ETF in the 1st quarter worth about $19,514,000.

BlackRock Flexible Income ETF Price Performance

NYSEARCA BINC opened at $51.91 on Tuesday. BlackRock Flexible Income ETF has a 1-year low of $49.54 and a 1-year high of $52.62. The stock has a 50-day moving average of $52.10 and a 200-day moving average of $52.14.

BlackRock Flexible Income 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.