BlackRock Converts High Yield Muni Fund Into New Active ETF
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BlackRock has converted its High Yield Municipal Fund into the iShares High Yield Muni Active ETF (HIMU), which is now trading on the CBOE.
February 10, 2025 | 6:15 pm
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BlackRock has expanded its ETF offerings by converting its High Yield Municipal Fund into the iShares High Yield Muni Active ETF (HIMU), now trading on the CBOE.
The conversion of a mutual fund into an ETF can attract more investors due to the ETF's typically lower fees and greater liquidity. This move could enhance BlackRock's market position in the muni bond ETF space, potentially boosting its stock price.
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