BlackRock has filed with the U.S. Securities and Exchange Commission to add ETF share classes to five active mutual funds, giving investors another way to access these existing portfolios. The filing comes as BlackRock shares last closed at $1,059.63, down 4.3% over the past month but up 6.4% over 90 days, with a multi-year total shareholder return of about 74.8%. The most followed narrative on the stock pegs fair value at $1,318.96, implying the shares are 20% undervalued, while the SWS DCF model points to a fair value of $1,148.38, also above the current price. BlackRock has evolved from an indexed asset manager into a global platform spanning technology, public markets, and private markets, with a more recurring earnings profile. The story could be knocked off course if ETF growth slows or if technology and private markets fees do not meet expectations.
BlackRock IncBlackRock filed with the SEC to add ETF share classes to five active mutual funds, a regulatory filing that could broaden access but has unclear near-term impact.
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