ETF Odds & Ends: A Muted Holiday Week

July 08, 2022

The week following the Fourth of July holiday was pretty quiet, with just three ETF launches.  

Among them was the rollout of the iShares iBonds Dec 2032 Term Treasury ETF (IBTM). The new fund continues a series of target maturity bond ETFs that hold Treasury bonds maturing in specific years. The family now covers the years 2022 through 2032.  

IBTM comes with an expense ratio of 0.07% and lists on the Nasdaq.  

Closures 

Two ETF closures were announced during the week and are expected to be completed by the end of the month. The AWTM Ultra-Short Duration Enhanced Income ETF (AWTM), which launched in January 2019, will see its last day of trading on July 15. Meanwhile, the Volshares Large Cap ETF (VSL), which launched in February 2018, will see its last day of trading on July 29.  

The new closures put the number of ETFs expected to close this year through the end of August at 63. In 2021, 37 ETFs had closed during the same period. But remember that the number of closures that year was the lowest for a calendar year in roughly a decade.  

Other ETF Changes 

Effective Aug. 31, the IQ 50 Percent Hedged FTSE International ETF (HFXI) will change its name to the IQ FTSE International Equity Currency Neutral ETF, while the IQ Candriam ESG US Equity ETF (IQSU) will change its name to the IQ Candriam ESG U.S. Large Cap Equity ETF. 

And as of July 1, the Innovator International Developed Power Buffer ETF – July (IJUL) reduced its expense ratio from 0.86% to 0.85%.  

 

Contact Heather Bell at [email protected] 

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