BlackRock Introduces 3 New ETFs To Expand Granular Access To U.S. Firms

The world’s largest asset manager BlackRock Inc ($BLK) on Thursday launched three new exchange traded funds (ETFs) to expand granular access to U.S. companies.

BlackRock said the iShares Top 20 U.S. Stocks ETF ($TOPT) will hold shares of top 20 largest U.S. companies in the S&P 500 across sectors such as technology, consumer goods, communication, healthcare and financial services sectors.

The iShares Nasdaq Top 30 Stocks ETF ($QTOP) will have shares of 30 of the largest and most innovative non-financial firms including mega cap tech stocks.

The iShares Nasdaq-100 ex Top 30 ETF ($QNXT) will provide access to sectors such as technology, healthcare, consumer goods, and industrial sectors.

BlackRock said UC Investments (University of California) committed as an early investor of the iShares Nasdaq Top 30 Stocks ETF.

On Thursday, retail sentiment on Stocktwits inched up higher into the ‘neutral’ territory (45/100) from the ‘bearish’ zone a day ago.

Recently, the firm introduced two new ETFs with a focus on technology and AI. The iShares A.I. Innovation and Tech Active ETF ($BAI) will invest in a concentrated portfolio of approximately 20-40 global AI and technology stocks across all market capitalizations.

Meanwhile, the iShares Technology Opportunities Active ETF ($TEK) will invest in a select portfolio of approximately 50-70 global technology companies across semiconductors, software, hardware, internet, services, content and infrastructure, and new industries.

BlackRock recently reported a record $221 billion of net inflows during the third quarter that took its assets under management (AUM) to new highs.

The firm said its AUM rose by $2.4 trillion year-over-year (YoY) to $11.5 trillion driven by significant net inflows and positive market movements. Its year-to-date inflows of $360 billion has already surpassed full-year net inflows seen in 2022 and 2023.

Shares of BlackRock have gained over 23% since the beginning of the year.

Also See: American Airlines Stock Rises On Narrower Q3 Losses, Full-Year Guidance Hike: Retail Sentiment Soars

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