Wed Sep 11 09:43:02 UTC 2024: ## Private Advisor Group Cuts Stake in BlackRock Flexible Income ETF (BINC)
**New York, NY** – Private Advisor Group LLC reduced its holdings in the BlackRock Flexible Income ETF (BINC) by 9.4% during the second quarter, according to a recent SEC filing. The firm now owns 88,257 shares of BINC, valued at $4,607,000.
This move comes as several other institutional investors have adjusted their positions in BINC. YHB Investment Advisors Inc. and Hexagon Capital Partners LLC both acquired new stakes in the ETF during the first and second quarters respectively, while Retirement Group LLC significantly increased its stake. Sunbelt Securities Inc. and Eagle Bay Advisors LLC also acquired new positions during the first quarter.
BINC opened at $53.19 on Wednesday, with a 12-month low of $49.54 and a 12-month high of $53.26. The ETF’s 50-day simple moving average is $52.77 and its 200-day simple moving average is $52.35.
BINC is an actively managed ETF designed to provide investors with global multisector fixed-income exposure, primarily focusing on high-yield bonds. The fund aims to maximize long-term income and capital appreciation.
For further details on BINC and other holdings of hedge funds, visit HoldingsChannel.com.
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