BlackRock Announces Stock Splits for Eleven iShares ETFs
BlackRock (NYSE: BLK) announced stock splits for eleven iShares funds, effective for shareholders of record as of December 2, 2020, with pay dates set after December 4, 2020. The splits will adjust the share price lower and increase outstanding shares without affecting the total value. Key funds include the iShares Aerospace & Defense ETF (ITA) and iShares U.S. Technology ETF (IYW), both undergoing a 2-for-1 split, among others. As of September 30, 2020, BlackRock managed approximately $7.81 trillion in assets globally.
- Implementation of stock splits for eleven iShares funds may enhance liquidity and accessibility for investors.
- The total value of shares outstanding remains unchanged, ensuring investor value is preserved.
- None.
NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) today announced stock splits for eleven iShares funds as part of an ongoing process to periodically review its product line-up.
The stock splits, for the ETFs listed below, will go into effect for shareholders of record as of the close of business on December 2, 2020, payable after the close of trading on December 4, 2020. These splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by the split.
Fund Name |
Ticker |
Inception
|
NAV/Share
|
Forward Split
|
iShares Aerospace & Defense ETF |
ITA |
5/1/2006 |
|
2 for 1 |
iShares Cohen & Steers REIT ETF |
ICF |
1/29/2001 |
|
2 for 1 |
iShares U.S. Industrials ETF |
IYJ |
6/12/2000 |
|
2 for 1 |
iShares Dow Jones U.S. ETF |
IYY |
6/12/2000 |
|
2 for 1 |
iShares MSCI KLD 400 Social ETF |
DSI |
11/14/2006 |
|
2 for 1 |
iShares MSCI USA ESG Select ETF |
SUSA |
1/24/2005 |
|
2 for 1 |
iShares Russell Mid-Cap Growth ETF |
IWP |
7/17/2001 |
|
2 for 1 |
iShares U.S. Financials ETF |
IYF |
5/22/2000 |
|
2 for 1 |
iShares U.S. Utilities ETF |
IDU |
6/12/2000 |
|
2 for 1 |
iShares U.S. Consumers Services ETF |
IYC |
6/12/2000 |
|
4 for 1 |
iShares U.S. Technology ETF |
IYW |
5/15/2000 |
|
4 for 1 |
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately
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About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cohen & Steers Capital Management, Inc., MSCI Inc., Russell or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock Investments, LLC is not affiliated with the companies listed above.
©2020 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.
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