iShares FinTech Active ETF (BPAY) Stock News

BlackRock has launched the BlackRock Future Financial and Technology ETF (NYSE Arca: BPAY), enhancing its Megatrends platform. The actively managed fund focuses on firms driving innovation in financial services, with a specific aim of maximizing total returns. Lead Portfolio Manager Vasco Moreno noted a 30% increase in fintech usage during the pandemic in the U.S. BPAY is the sixth active ETF in BlackRock's U.S. Megatrends platform, boasting a 0.70% expense ratio. BlackRock manages over $50 billion in AUM across 44 thematic products.