BlackRock Changes Listing Venues For 50 ETFs

BlackRock Inc.’s (NYSE:BLK) iShares unit, the world’s largest issuer of exchange traded funds, said after the close of U.S. markets Friday that it is moving 50 ETFs from the New York Stock Exchange (NYSE) to Bats and the Nasdaq.

The moves take effect on Aug. 1. After those moves are finalized, iShares will still have 209 ETFs trading on the NYSE.

As we have stated previously, diversification is an important element of iShares listing strategy,” said Samara Cohen, Americas Head of iShares Capital Markets at BlackRock, in a statement. “A thriving market for ETFs requires a robust, resilient ecosystem, with multiple participants committed to continuous innovation and improving the client experience. BlackRock maintains strong relationships with all major exchanges, and we applaud NYSE ARCA, BATS and Nasdaq for their ongoing work towards improvements in trading during all market conditions.”

Some well-known iShares ETFs moving from NYSE to Bats include the iShares U.S. Home Construction ETF (NYSEArca:ITB), iShares MSCI USA Momentum Factor ETF (NYSEArca:MTUM), iShares Edge MSCI Min Vol EAFE ETF (NYSEArca:EFAV) and the iShares Core MSCI EAFE ETF (NYSEArca: IEFA).

Popular iShares ETFs moving from the NYSE to the Nasdaq include the iShares MSCI Turkey ETF (NYSEArca:TUR), iShares J.P. Morgan USD Emerging Markets Bond ETF (NYSEArca:EMB) and the iShares Preferred U.S. Stock ETF (NYSEArca:PFF).

Tom Lydon’s clients own shares of EMB and PFF.