BlackRock Launches iShares LifePath Target Date 2070 ETF; Cetera Buys Stake
1 report, 1 independent
Updated Oct 10
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What happened
BlackRock launched the iShares LifePath Target Date 2070 ETF. Cetera Investment Advisers acquired a new position in the ETF in the first quarter, purchasing 13,437 shares valued at approximately $387,000. Separately, the ETF saw short interest increase by 481.4% between September 15th and September 30th.
From dailypolitical.com
Why it matters
The launch of the ETF and the subsequent purchase by Cetera Investment Advisers indicate institutional interest in the fund. The issuance of the ETF could attract institutional capital, potentially boosting BlackRock's assets under management.
From dailypolitical.com
Who's involved
- BlackRockIssued the iShares LifePath Target Date 2070 ETF
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The entities involved
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BlackRock
American multinational investment management corporation
Related events
- BlackRock issued the iShares LifePath Target Date 2065 ETF, and the SEC received a disclosure from Citadel Advisors LLC.
- BlackRock manages the iShares FinTech Active ETF.
- BlackRock has issued the iShares Ethereum Trust ETF.
- BlackRock filed disclosures with the SEC regarding the iShares 0-3 Month Treasury Bond ETF.
- BlackRock issued the iShares iBonds 1-5 Year Treasury Ladder ETF, and Beaumont Financial Advisors increased its position in the fund.