iShares Closes 7 ETFs

August 24, 2021

BlackRock liquidated seven iShares ETFs, amounting to approximately $88 million in assets that will be returned to shareholders.

The iShares Trust board unanimously voted to dissolve the funds in June, according to updates to the prospectuses of each fund. A spokesperson for BlackRock said the vote came as part of an ongoing review of the firm’s ETF offerings, but did not offer further details about why the specific funds were chosen.

 

The liquidating funds are as follows:

 

Ticker Fund AUM ($) YTD Return Spread %
AMCA   iShares Russell 1000 Pure U.S. Revenue ETF $3.73M 19.89% 0.09%
DEFA   iShares Adaptive Currency Hedged MSCI EAFE ETF $8.35M 12.74% 0.09%
HEWW iShares Currency Hedged MSCI Mexico ETF $723.65K 13.55% 0.17%
IPFF iShares International Preferred Stock ETF $48.62M 8.98% 0.38%
STLC iShares Factors U.S. Blend Style ETF $8.42M 19.16% 0.09%
STMB iShares Factors U.S. Mid Blend Style ETF $8.91M 20.65% 0.12%
STSB iShares Factors U.S. Small Blend Style ETF $9.49M 17.64% 0.26%

 

Lack of liquidity seems to be the common theme among these funds, with 45-day spreads ranging between 0.09% and 0.38%. The closures also have a miniscule impact on the iShares brand, which is the largest U.S.-listed issuer of ETFs, with $2.31 trillion in assets as of last Thursday, according to ETF.com data provider FactSet.

Contact Dan Mika at [email protected], and follow him on Twitter

Find your next ETF

Reset All