BlackRock Flexible Income ETF (NYSEARCA:BINC) is LHM Inc.’s 4th Largest Position

LHM Inc. raised its holdings in shares of BlackRock Flexible Income ETF (NYSEARCA:BINC) by 278.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,261 shares of the company’s stock after buying an additional 240,884 shares during the period. BlackRock Flexible Income ETF comprises 6.2% of LHM Inc.’s investment portfolio, making the stock its 4th largest position. LHM Inc. owned 0.58% of BlackRock Flexible Income ETF worth $17,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of BlackRock Flexible Income ETF by 7.5% during the second quarter. Envestnet Asset Management Inc. now owns 14,607,725 shares of the company’s stock worth $762,523,000 after purchasing an additional 1,014,302 shares in the last quarter. LPL Financial LLC increased its stake in BlackRock Flexible Income ETF by 16.9% during the second quarter. LPL Financial LLC now owns 3,687,692 shares of the company’s stock valued at $192,498,000 after purchasing an additional 533,884 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in BlackRock Flexible Income ETF by 9.6% during the second quarter. Quotient Wealth Partners LLC now owns 3,312,444 shares of the company’s stock valued at $172,910,000 after purchasing an additional 288,992 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in BlackRock Flexible Income ETF during the first quarter valued at $163,937,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in BlackRock Flexible Income ETF by 3.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,103,367 shares of the company’s stock valued at $109,796,000 after purchasing an additional 79,924 shares during the last quarter.

BlackRock Flexible Income ETF Stock Performance

BlackRock Flexible Income ETF stock opened at $53.49 on Friday. The company has a 50-day simple moving average of $52.93 and a 200-day simple moving average of $52.40. BlackRock Flexible Income ETF has a one year low of $49.54 and a one year high of $53.53.

About BlackRock Flexible Income 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.