iShares Closes 7 ETFs

Aug 24, 2021

Reviewed by: Dan Mika

Edited by: Dan Mika

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

Dan Mika

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.

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iShares Closes 7 ETFs

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