LHM Inc. Has $39.56 Million Position in BlackRock Flexible Income ETF (NYSEARCA:BINC)

LHM Inc. lifted its holdings in BlackRock Flexible Income ETF (NYSEARCA:BINC) by 777.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 757,809 shares of the company’s stock after buying an additional 671,432 shares during the quarter. BlackRock Flexible Income ETF makes up about 16.4% of LHM Inc.’s holdings, making the stock its 2nd biggest holding. LHM Inc. owned 1.34% of BlackRock Flexible Income ETF worth $39,558,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in BlackRock Flexible Income ETF by 7.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 14,607,725 shares of the company’s stock valued at $762,523,000 after purchasing an additional 1,014,302 shares during the last quarter. LPL Financial LLC boosted its position in shares of 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 buying an additional 533,884 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in BlackRock Flexible Income ETF by 9.6% in the 2nd quarter. Quotient Wealth Partners LLC now owns 3,312,444 shares of the company’s stock worth $172,910,000 after buying an additional 288,992 shares in the last quarter. Dynasty Wealth Management LLC purchased a new position in BlackRock Flexible Income ETF in the 1st quarter worth about $163,937,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in BlackRock Flexible Income ETF by 3.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,103,367 shares of the company’s stock valued at $109,796,000 after acquiring an additional 79,924 shares during the period.

BlackRock Flexible Income ETF Stock Performance

BINC stock opened at $53.49 on Friday. BlackRock Flexible Income ETF has a 1 year low of $49.54 and a 1 year high of $53.53. The stock’s fifty day moving average price is $52.93 and its 200-day moving average price is $52.40.

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.