IETC - ETF AI Analysis
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iShares Evolved US Technology ETF (IETC)
Rating:73Outperform
Price Target:―
Positive Factors
Large, Established Tech Leaders
The ETF’s biggest positions include well-known technology giants that have generally shown strong or steady performance, helping support the fund’s returns.
Focused Yet Somewhat Diversified Sector Mix
While technology dominates the portfolio, the fund also holds smaller stakes in communication services, consumer cyclical, financials, and other sectors, which adds a bit of diversification within the tech theme.
Moderate Expense Ratio for a Thematic Fund
The fund’s fee is relatively modest for a specialized technology ETF, allowing investors to keep more of any gains over time.
Negative Factors
High Concentration in a Few Stocks
A small number of companies, such as Broadcom and Palantir, make up a large share of the portfolio, increasing the impact that any one stock’s moves can have on the fund.
Mixed Performance Among Top Holdings
Several major positions, including Palantir, Microsoft, Oracle, Salesforce, and IBM, have shown weak or lagging performance this year, which has weighed on the ETF’s overall results.
Heavy U.S. and Technology Exposure
With almost all assets in U.S. stocks and a strong tilt toward the technology sector, the fund is highly sensitive to downturns in the U.S. tech market and offers limited global or sector diversification.
IETC vs. SPDR S&P 500 ETF (SPY)
AUM747.51M
RegionNorth America
Expense Ratio0.18%
Beta1.45
IssueriShares
Inception DateMar 21, 2018
Dividend Yield0.39%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume41,963
30 Day Avg. Volume54,084
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
136.63Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering102
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IETC Summary
The iShares Evolved US Technology ETF (IETC) is a fund that focuses mainly on U.S. technology companies, without tracking a fixed index. It holds a mix of big, well-known names like Microsoft, Nvidia, Amazon, and Meta, along with other tech and communication firms. Investors might consider IETC if they want simple, one-stop exposure to the potential growth of the U.S. tech sector while still owning a basket of different companies. However, because it is heavily tilted toward technology, its price can rise and fall sharply with changes in the tech market.
How much will it cost me?The iShares Evolved US Technology ETF (IETC) has an expense ratio of 0.18%, which means you’ll pay $1.80 per year for every $1,000 invested. This is lower than average for actively managed funds, as it uses a sophisticated approach to target the tech sector while keeping costs relatively low.
What would affect this ETF?The iShares Evolved US Technology ETF (IETC) could benefit from continued innovation in the tech sector, such as advancements in artificial intelligence and semiconductor technology, which are key areas for its top holdings like Nvidia and Broadcom. However, rising interest rates or stricter regulations on major tech companies could negatively impact growth prospects, especially for high-growth firms like Palantir and Amazon. Additionally, economic slowdowns or geopolitical tensions affecting the U.S. could pose risks to this ETF's performance given its concentrated exposure to the American technology sector.
IETC Top 10 Holdings
IETC is riding a powerful U.S. tech wave, with a big tilt toward semiconductors and mega-cap platforms. Nvidia and Broadcom sit in the driver’s seat, but both have cooled recently, so they’re no longer giving the fund the same turbo boost. Micron, AMD, and Lam Research are the real engines right now, rising on the back of AI and chip demand. On the platform side, Amazon, Microsoft, and Alphabet look more mixed, with Amazon and Microsoft losing a bit of steam, keeping this tech-heavy, U.S.-only fund from fully hitting its stride.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 12.46% | $93.14M | $5.10T | 44.72% | 76 Outperform | |
| Broadcom | 8.41% | $62.87M | $1.96T | 54.52% | 76 Outperform | |
| Micron | 5.49% | $41.01M | $1.28T | 892.28% | 79 Outperform | |
| Advanced Micro Devices | 4.34% | $32.45M | $876.24B | 325.71% | 73 Outperform | |
| Amazon | 4.21% | $31.46M | $2.63T | 11.66% | 71 Outperform | |
| Microsoft | 3.99% | $29.84M | $2.82T | -24.42% | 79 Outperform | |
| Lam Research | 3.53% | $26.39M | $486.52B | 347.05% | 77 Outperform | |
| Apple | 3.25% | $24.26M | $4.38T | 47.40% | 79 Outperform | |
| Alphabet Class A | 3.18% | $23.79M | $4.46T | 111.68% | 85 Outperform | |
| Palantir Technologies | 2.97% | $22.24M | $307.98B | -14.59% | 74 Outperform |
IETC Technical Analysis
Positive
―
Price Trends
106.63
Positive
99.27
Positive
100.52
Positive
Market Momentum
-0.53
Positive
51.20
Neutral
36.82
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For IETC, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 107.81, equal to the 50-day MA of 106.63, and equal to the 200-day MA of 100.52, indicating a neutral trend. The MACD of -0.53 indicates Positive momentum. The RSI at 51.20 is Neutral, neither overbought nor oversold. The STOCH value of 36.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IETC.
IETC Peer Comparison
Comparison Results
Performance Comparison
IETC
iShares Evolved US Technology ETF
105.85
12.81
13.77%
GTOP
Goldman Sachs Technology Opportunities ETF
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FEPI
REX FANG & Innovation Equity Premium Income ETF
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PINK
Simplify Health Care ETF
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WELD
Tema U.S. Manufacturing & Reshoring ETF
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IYRI
NEOS Real Estate High Income ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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