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Unlocking Value From MSCI, The Index Fund Powerhouse
Seeking Alpha· 2024-12-25 09:28
MSCI (NYSE: MSCI ) is a financial analytics company I haven’t written enough about. On the surface, it is one of the most profitable and well-known brands on the Street. It is a high free cash flow machine.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Se ...
BlackRock® Canada Postpones Unitholder Meeting of iShares Premium Money Market ETF to Approve Investment Objective Change
Globenewswire· 2024-12-19 22:51
Core Viewpoint - BlackRock Canada is postponing a special meeting for unitholders of the iShares Premium Money Market ETF to February 3, 2025, due to a Canada Post labour disruption, where a proposal to change the investment objective to allow investments in asset-backed commercial paper will be voted on [1][2][4]. Group 1: Meeting Details - The special meeting was originally scheduled for January 22, 2025, but has been rescheduled to February 3, 2025 [2]. - The meeting will be conducted virtually via live audio webcast [2]. - A management information circular regarding the proposal will be available to unitholders prior to the meeting, with notices mailed around January 3, 2025 [2]. Group 2: Voting Process - Unitholders of record as of December 5, 2024, are entitled to vote and can do so by mail, online, or by phone [3]. - Due to potential delays from the Canada Post disruption, unitholders are encouraged to use alternative voting methods [3]. - Unitholders who have not received control numbers can contact their brokers to obtain them for voting [3]. Group 3: Proposal Impact - If approved, the change to the investment objective is expected to take effect on February 7, 2025 [4]. Group 4: Company Overview - BlackRock is a leading provider of financial technology and aims to enhance financial well-being for investors [6]. - iShares, managed by BlackRock, has over 1,400 ETFs and $4.2 trillion in assets under management as of September 30, 2024 [7].
BlackRock® Canada Announces Estimated December Cash Distributions for the iShares® ETFs
Globenewswire· 2024-12-19 06:42
TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the estimated December cash distributions for the iShares ETFs listed on the TSX or Cboe Canada. Unitholders of record of a fund on December 30, 2024 will receive cash distributions payable in respect of that fund on January 3, 2025. BlackRock Canada expects to issue a press release on or about December 27, 2024, which ...
BlackRock® Canada Announces Estimated Annual Reinvested Capital Gains Distributions for the iShares® ETFs
Newsfilter· 2024-12-19 06:39
Core Viewpoint - BlackRock Canada has announced estimated annual reinvested capital gains distributions for its iShares ETFs for the 2024 tax year, with final amounts expected to be confirmed by December 27, 2024 [1][3]. Distribution Estimates - The estimated annual non-cash capital gains distributions will be reinvested in additional units of the respective funds at year-end and do not include ongoing cash distribution amounts [2]. - The record date for the 2024 annual distributions is set for December 30, 2024, with payments scheduled for January 3, 2025 [3]. Fund-Specific Distribution Amounts - Specific estimated annual reinvested capital gains distribution amounts per unit for various iShares ETFs include: - iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ): $0.54692 - iShares Global Infrastructure Index ETF (CIF): $3.02377 - iShares Global Water Index ETF (CWW): $5.65387 - iShares Core MSCI US Quality Dividend Index ETF (XDU): $1.74000 [4][5][6][7]. Additional Information - Further details regarding the iShares ETFs can be accessed on BlackRock's official website [10]. - BlackRock manages over 1400 ETFs with approximately $4.2 trillion in assets under management as of September 30, 2024 [12].
BlackRock Finance (BLK) Rises Higher Than Market: Key Facts
ZACKS· 2024-12-17 00:15
The most recent trading session ended with BlackRock Finance (BLK) standing at $1,064.65, reflecting a +0.77% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.38%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 1.24%.The the stock of investment firm has risen by 0.88% in the past month, leading the Finance sector's gain of 0.1% and undershooting the S&P 500's gain of 1.17%.Investors will be eagerly watching for the performance of BlackRock Fi ...
Monster insider sale for BlackRock stock
Finbold· 2024-12-13 12:22
BlackRock (NYSE: BLK), the world’s largest asset manager with more than $11.5 trillion in assets under management (AUM), has seen the single biggest insider sale on December 4, 2024.Specifically, regulatory filings show that Larry Fink, the CEO of BlackRock, sold 48,700 BLK shares at an average transaction price of $1,035.76. The sale, Fink’s largest to date, raised just over $50 million.Larry Fink’s December 4 BLK stock sale. Source: @barchartDespite the size of the sale, Larry Fink still retains a total o ...
Multimillionaire Cathie Wood Is Buying a BlackRock ETF That Could Soar 164% in 2025, According to This Wall Street Analyst
The Motley Fool· 2024-12-13 10:50
Cathie Wood is reportedly worth hundreds of millions of dollars. The chief executive officer of Ark Invest didn't get there overnight. Wood is known for making bold investments, often buying high-growth stocks that she thinks can be multibaggers by disrupting huge markets in tech. One asset class Wood has not shied away from is cryptocurrency. On numerous occasions, Wood has predicted that Bitcoin (BTC 0.10%), the world's largest cryptocurrency, will eventually be worth many multiples of what it is today. W ...
Will BLK's Private Markets Push Continue in 2025? Let's Find Out
ZACKS· 2024-12-12 15:46
BlackRock’s (BLK) shares are in the spotlight as the company continues expanding its presence in the lucrative private markets through acquisitions. On Wednesday, the stock touched its all-time high of $1,082.45. This year, BLK stock has gained 31.3%. In the same timeframe, the Zacks Investment Management industry and the S&P 500 Index have rallied 51.8% and 28.6%, respectively.Year-to-Date Price Performance Image Source: Zacks Investment ResearchAcquisitions Driving BlackRock’s Private Markets PushBlackRoc ...
What's New With BlackRock Stock?
Forbes· 2024-12-11 10:00
The BlackRock logo appears on the screen of a smartphone in Reno, United States, on December 10, ... [+] 2024. (Photo Illustration by Jaque Silva/NurPhoto via Getty Images)NurPhoto via Getty ImagesBlackRock’s stock (NYSE: BLK) has gained roughly 32% year-to-date, as compared to the 28% rise in the S&P500 index over the same period. In comparison, BlackRock’s peer State Street’s stock (NYSE: STT) is up 31% year-to-date.The performance of BlackRock stock over the last few years has been mixed. Returns for the ...
BlackRock, Inc. (BLK) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
2024-12-10 21:29
BlackRock, Inc. (NYSE:BLK) Goldman Sachs 2024 U.S. Financial Services Conference December 10, 2024 2:20 PM ET Company Participants Martin S. Small - Chief Financial Officer Conference Call Participants Alex Blostein - Goldman Sachs Alex Blostein So we'll get started in the interest of time. Thank you, everybody. Good afternoon. Thanks for joining us. It is my pleasure to introduce Martin Small, CFO of BlackRock, the largest global asset manager with over $11 trillion in Assets Under Management. BlackRock ha ...