iShares Closes 7 ETFs

The ETFs amount to nearly $88 million in assets.

DanMika200x200.jpg
|
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:

 

TickerFundAUM ($)YTD ReturnSpread %
AMCA  iShares Russell 1000 Pure U.S. Revenue ETF$3.73M19.89%0.09%
DEFA  iShares Adaptive Currency Hedged MSCI EAFE ETF$8.35M12.74%0.09%
HEWWiShares Currency Hedged MSCI Mexico ETF$723.65K13.55%0.17%
IPFFiShares International Preferred Stock ETF$48.62M8.98%0.38%
STLCiShares Factors U.S. Blend Style ETF$8.42M19.16%0.09%
STMBiShares Factors U.S. Mid Blend Style ETF$8.91M20.65%0.12%
STSBiShares Factors U.S. Small Blend Style ETF$9.49M17.64%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 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.