BlackRock is preparing to launch the iShares Nasdaq 100 ETF, ticker IQQ, offering low-cost exposure to Nasdaq-100 companies. The ETF targets large U.S. growth companies across technology, healthcare, and other sectors, and is set to compete directly with existing Nasdaq-100 products, including Invesco's long-established ETFs. The launch comes as interest in U.S. large-cap and technology exposure has been elevated. BlackRock shares trade around $1,009.43, with the stock up 5% over the past week and returning 52.3% over three years.
BlackRock IncBlackRock is launching a new ETF, which is a product expansion and capital markets event.
Invesco PlcBlackRock's new ETF directly competes with Invesco's existing Nasdaq-100 ETFs.