IWD, BRK.B, JPM, BAC: ETF Inflow Alert Thursday, May 2, 11:09 AM ET, by Market News Video Staff Symbols mentioned in this story: IWD, BRK.B, JPM, BAC Exchange traded funds (ETFs) trade just ...
By Market News Video Staff, Thursday, November 11, 1:11 PM ET
Investment management giant BlackRock (NYSE:BLK) was upgraded by Citigroup (NYSE:C) today, from hold to buy. Citi said that BlackRock is improving its competitive position. Citi hiked its price target on BlackRock by $30, to $210 per share. Earlier in the week Bank of America (NYSE:BAC) and PNC Financial Services (NYSE:PNC) sold a combined 51.1 million shares of BlackRock stock at $163 each. BlackRock shares are trading higher by about 1% on Thursday afternoon.
The stock is a 1.01% holding of the Claymore/Beacon Global Exchanges, Brokers & Asset Managers Index ETF (EXB), along with industry titan Goldman Sachs (NYSE:GS), at 5.62% of the fund, and Morgan Stanley (NYSE:MS) at 5.31%.
Money managers such as State Street (NYSE:STT) and T. Rowe Price (NASDAQ:TROW) are also components of the fund, which is trading flat today.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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