Truist Financial Corp Raises Stock Position in BlackRock Flexible Income ETF (NYSEARCA:BINC)

Truist Financial Corp grew its holdings in shares of BlackRock Flexible Income ETF (NYSEARCA:BINC) by 41.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,115 shares of the company’s stock after buying an additional 46,874 shares during the quarter. Truist Financial Corp owned 0.28% of BlackRock Flexible Income ETF worth $8,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of 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 lifted its stake in shares of BlackRock Flexible Income ETF by 16.9% during the 2nd quarter. LPL Financial LLC now owns 3,687,692 shares of the company’s stock worth $192,498,000 after acquiring an additional 533,884 shares during the last quarter. Quotient Wealth Partners LLC lifted its stake in shares of BlackRock Flexible Income ETF by 9.6% during the 2nd quarter. Quotient Wealth Partners LLC now owns 3,312,444 shares of the company’s stock worth $172,910,000 after acquiring an additional 288,992 shares during the last quarter. Dynasty Wealth Management LLC purchased a new position in BlackRock Flexible Income ETF during the 1st quarter valued at $163,937,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in BlackRock Flexible Income ETF by 3.9% in 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 last quarter.

BlackRock Flexible Income ETF Stock Down 0.2 %

BINC stock opened at $52.97 on Friday. BlackRock Flexible Income ETF has a 12 month low of $49.54 and a 12 month high of $53.56. The firm’s 50-day moving average is $53.10 and its 200 day moving average is $52.48.

BlackRock Flexible Income ETF Company 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.