Blackrock Stock Price, News & Analysis

BlackRock has announced the addition of the iShares Core Dividend ETF (Cboe: DIVB) to its iShares Core ETF lineup, reducing its management fee from 0.25% to 0.05%. This positions DIVB as the lowest-cost dividend ETF in the U.S., with a fee of just 5bps. BlackRock aims to provide affordable investment options for clients seeking diversified income strategies, especially in inflationary environments. The launch aligns with BlackRock's ongoing commitment to investment affordability, having saved investors $338 million in fees since 2015.

BlackRock Alternatives has announced the first closing of its Global Infrastructure Fund IV, raising US$4.5 billion, representing over half of its US$7.5 billion target. The fund focuses on essential infrastructure investments worldwide, capitalizing on the trends of Decarbonization, Decentralization, and Digitalization. Over 75% of its commitments come from prior investors. Managed by a seasoned team with over 60 experts, Infra IV aims to deliver resilient cash flow and cater to increasing infrastructure investment demands amid the global energy transition.

BlackRock, Inc. (NYSE: BLK) reported its third-quarter financial results for 2022, with details available at their investor relations site. Key executives, including Laurence D. Fink, will host a teleconference on October 13, 2022, at 8:30 a.m. ET, open to public participation. A webcast replay will be accessible post-event.

BlackRock's commitment is to enhance financial well-being for individuals, providing financial technology solutions to help people save and invest effectively.

Cachematrix by BlackRock launches a new mobile application for cash investors, enabling access to a liquidity marketplace across 20 countries with over $300 Billion USD in AUM.¹ The app allows real-time monitoring of accounts, order approvals via dual authorization, and future subscription requests to money market funds. BlackRock executives emphasize the importance of risk management in today’s volatile market.

The mobile app is now available to iPhone users in the U.S., UK, and select EMEA countries, enhancing client experience and operational efficiency.

Acelero, Inc. announced a strategic investment led by BlackRock Impact Opportunities Fund and The Builders Fund aimed at enhancing early childhood education across the U.S. The investment will support product development, strengthen partnerships, and improve talent recruitment. Acelero impacts over 150,000 children and families, focusing on dismantling educational inequities. The partnership includes board representation from the investor syndicate. The pandemic has increased the demand for quality education, positioning Acelero for significant growth.

BlackRock, Inc. (NYSE: BLK) announced the appointment of Martin Small as the new Chief Financial Officer, succeeding Gary S. Shedlin, effective in 2023. Shedlin will transition his responsibilities after the completion of the firm’s 2022 financial reporting, expected around March 1, 2023, and will become Vice Chairman. Martin Small, previously head of BlackRock’s U.S. Wealth Advisory business, brings extensive experience to his new role, having been with the firm since 2006. This leadership change aims to ensure continuity and strengthen client relationships.

BlackRock has announced the upcoming termination of the iShares iBonds Dec 2022 Term Muni Bond ETF (NYSE: IBMK). The final trading day is set for December 1, 2022, with liquidation on December 7, 2022. As bonds in this ETF mature, shareholders will receive liquidation proceeds. BlackRock continues to offer iBonds ETFs for investors seeking bond ladder strategies and managing interest rate risks.

BlackRock, Inc. (NYSE: BLK) will report its third quarter 2022 earnings on October 13, 2022, before the New York Stock Exchange opens. A teleconference for investors, hosted by top executives including Chairman Laurence D. Fink, will begin at 8:30 a.m. ET. Interested parties can join via telephone or a live webcast available on www.blackrock.com. The teleconference replay will be accessible from 11:30 a.m. ET on the same day until October 27, 2022.

BlackRock's 11th annual Global Insurance Report reveals that global insurers are adapting their investment strategies amidst market volatility. Notably, 79% of insurers plan to reassess their long-term strategic asset allocations while 68% are prioritizing technology for risk management. Adoption of fixed income ETFs is on the rise, aimed at enhancing liquidity and yield. Additionally, over two-thirds intend to integrate ESG targets into their portfolios within the next 24 months, signaling a significant trend toward sustainability in investing.