Arden Trust Co Makes New $19.51 Million Investment in BlackRock Flexible Income ETF (NYSEARCA:BINC)

Arden Trust Co acquired a new position in shares of BlackRock Flexible Income ETF (NYSEARCA:BINC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 371,974 shares of the company’s stock, valued at approximately $19,514,000. BlackRock Flexible Income ETF makes up approximately 2.7% of Arden Trust Co’s investment portfolio, making the stock its 9th largest holding. Arden Trust Co owned 14.59% of BlackRock Flexible Income ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BINC. Quotient Wealth Partners LLC purchased a new position in shares of BlackRock Flexible Income ETF during the 4th quarter valued at $130,802,000. Wharton Business Group LLC lifted its position in BlackRock Flexible Income ETF by 0.7% during the 4th quarter. Wharton Business Group LLC now owns 598,005 shares of the company’s stock worth $31,258,000 after acquiring an additional 4,155 shares during the last quarter. Emory University acquired a new position in BlackRock Flexible Income ETF during the 4th quarter worth $15,235,000. UBS Group AG bought a new position in shares of BlackRock Flexible Income ETF during the 4th quarter worth about $8,665,000. Finally, Priebe Wealth Holdings LLC bought a new position in shares of BlackRock Flexible Income ETF during the 4th quarter worth about $8,324,000.

BlackRock Flexible Income ETF Stock Performance

Shares of NYSEARCA:BINC traded up $0.09 on Tuesday, hitting $52.25. 763,069 shares of the company were exchanged, compared to its average volume of 659,077. The company’s 50 day moving average price is $52.02 and its two-hundred day moving average price is $52.09. BlackRock Flexible Income ETF has a one year low of $49.54 and a one year high of $52.62.

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.