B. Riley Wealth Advisors Inc. Has $4.23 Million Position in BlackRock Flexible Income ETF (NYSEARCA:BINC)

B. Riley Wealth Advisors Inc. boosted its holdings in BlackRock Flexible Income ETF (NYSEARCA:BINC) by 1,369.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,072 shares of the company’s stock after buying an additional 75,554 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.14% of BlackRock Flexible Income ETF worth $4,232,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Dynasty Wealth Management LLC bought a new position in shares of BlackRock Flexible Income ETF during the first quarter valued at $163,937,000. Envestnet Portfolio Solutions Inc. increased its holdings in BlackRock Flexible Income ETF by 2,120.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,023,443 shares of the company’s stock valued at $106,150,000 after purchasing an additional 1,932,320 shares during the period. CWM LLC raised its position in BlackRock Flexible Income ETF by 33,255.1% during 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 during the last quarter. Sequoia Financial Advisors LLC acquired a new position in BlackRock Flexible Income ETF during the 2nd quarter worth about $67,737,000. Finally, Cetera Investment Advisers bought a new stake in shares of BlackRock Flexible Income ETF in the 1st quarter valued at about $67,814,000.

BlackRock Flexible Income ETF Stock Performance

Shares of BINC opened at $53.53 on Tuesday. The business has a 50-day moving average of $53.04 and a 200-day moving average of $52.45. BlackRock Flexible Income ETF has a 1 year low of $49.54 and a 1 year high of $53.56.

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.