NEW YORK (CNN Money) – ‘Fearless Girl’ is getting a new home at the New York Stock Exchange. The popular statue will be moved from the spot where it was installed last year, opposite from the ‘Charging Bull’ sculpture in Lower Manhattan. The statue will move about three blocks away, to outside of the stock exchange and facing the building.

New York Mayor Bill de Blasio and State Street Global Advisors, the financial firm that installed the ‘Fearless Girl’ statue back in March 2017, made the announcement on Thursday. They added that the statue would move to its “long-term” home by the end of this year.

The mayor’s office said that the city is also considering moving the ‘Charging Bull,’ though it did not say when or where.

The bronze ‘Fearless Girl’ statue has captured the hearts of New Yorkers and tourists. At first, she was only supposed to stay in place for a few days. But the city decided to extend her permit for a year in response to the public’s embrace.

Fans have dressed her for harsh weather and imitated her pose — hands on hips, chin held high — to be photographed by her side. But crowding around the statue posed a safety risk, and was a factor in the move, the city explained.

Thomas Farley, president of the New York Stock Exchange, called the statue “a striking symbol of our ongoing journey toward greater equality,” and added that “we eagerly await the arrival of ‘Fearless Girl’ to her fitting new home.”

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People take photographs of the ‘Fearless Girl’ statue as it stands across from the iconic ‘Charging Bull’ statue on March 8, 2017 in New York City. (credit: Drew Angerer/Getty Images)

De Blasio called the statue “a powerful symbol of the need for change at the highest levels of corporate America,” and added that “she will become a durable part of our city’s civic life.”

‘Fearless Girl’ was designed to call attention to a State Street Global Advisors initiative to increase the number of women on corporate boards. The company said that more than 150 companies have added a woman to their boards since ‘Fearless Girl’ was installed.

“Our hope is that, by moving closer to the NYSE, she will inspire more companies to take action,” State Street Global Advisors president and CEO Cyrus Taraporevala said.

Lori Heinel, deputy global chief investment officer for State Street Global Advisors, told CNN’s Maggie Lake on Thursday that her company has been working with the city for a year to find a more permanent home for the statue. That way, it can serve as a “constant reminder of the work that public companies still have to do” to increase gender diversity on their boards.

Kristen Visbal, the sculptor, told CNN that she is “thrilled” that the statue will remain in New York City.

Visbal finds the new location “exciting,” but added that the statue’s message has extended beyond finance. She hopes that by remaining in the public eye, ‘Fearless Girl’ will “continue to inspire the global community regarding gender collaboration in every aspect of life.”

‘Fearless Girl’ has also had her critics, including Arturo Di Modica, the sculptor who made ‘Charging Bull’ and surreptitiously placed it in front of the stock exchange in 1989. Police removed the statue, which didn’t have a permit. But public support was so great that the city gave it a permanent home nearby. It has stood ever since as a symbol of American capitalism.

At a press conference last year, Di Modica told reporters that ‘Fearless Girl’ tarnished the positive message of the bull, which is “a better America and a better world.” He could not immediately be reached to comment on the possibility that ‘Charging Bull’ may move.

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