BlackRock Announces Share Split for iShares Nasdaq Biotechnology ETF
November 07 2017 - 8:00AM
Business Wire
BlackRock (NYSE:BLK) announces that the Board of Trustees of
iShares Trust has authorized a share split for iShares Nasdaq
Biotechnology ETF (IBB).
The Board has approved a 3-for-1 split for the fund for
shareholders of record as of the close of business on November 28,
2017, payable after the close of trading on November 30, 2017. The
3-for-1 split 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 Date NAV/Share
(as of 11/3/17)
Proposed Forward Split Ratio iShares Nasdaq
Biotechnology ETF IBB 10/04/2007
$317.02 3 for 1
About BlackRock
BlackRock helps investors build better financial futures. As a
fiduciary to our clients, we provide the investment and technology
solutions they need when planning for their most important goals.
As of September 30, 2017, the firm manages approximately $5.977
trillion in assets on behalf of investors worldwide. For additional
information on BlackRock, please visit www.blackrock.com | Twitter:
@blackrock | Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock
About iShares
iShares® is a global leader in exchange-traded funds (ETFs),
with more than a decade of expertise and commitment to individual
and institutional investors of all sizes. With over 800 funds
globally across multiple asset classes and strategies and more than
$1.5 trillion in assets under management as of September 30, 2017,
iShares helps clients around the world build the core of their
portfolios, meet specific investment goals and implement market
views. iShares funds are powered by the expert portfolio and risk
management of BlackRock, trusted to manage more money than any
other investment firm1.
1 Based on $5.977 trillion in AUM as of 9/30/17
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”).
Funds that concentrate investments in specific industries,
sectors, markets or asset classes may underperform or be more
volatile than other industries, sectors, markets or asset classes
and than the general securities market.
The iShares Funds are not sponsored, endorsed, issued, sold or
promoted by the NASDAQ OMX Group, Inc., nor does this company make
any representation regarding the advisability of investing in the
Funds. BlackRock Investments, LLC is not affiliated with the
company listed above.
©2017 BlackRock. All rights
reserved. iSHARES and BLACKROCK are
registered trademarks of BlackRock. All other marks are the
property of their respective owners. 298570
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BlackRockMatt Kobussen,
646-231-0599matt.kobussen@blackrock.com
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