BlackRock Launches iShares LifePath Target Date 2070 ETF; Cetera Buys Stake
1 report, 1 independent
Updated Sat 00:00
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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 Russell 2000 BuyWrite ETF, and Banque Cantonale Vaudoise subsequently bought a stake in it.
- United Community Bank purchased a new stake in the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF managed by BlackRock.
- BlackRock issues the iShares iBonds 1-5 Year TIPS Ladder ETF, which tracks an equally-weighted index. A hedge fund has increased its stake.
- BlackRock has issued the iShares MSCI Global Quality Factor ETF.
- BlackRock has issued the iShares Energy Storage & Materials ETF.