Meet the BlackRock ETF With 39.2% of Its Portfolio Invested in Broadcom, Nvidia, Amazon, and Microsoft
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
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Source: NASDAQ.COM
BlackRock's iShares ETF: BlackRock, the world's largest asset manager, oversees $11.5 trillion in client assets, with a significant portion in exchange-traded funds (ETFs), including the iShares U.S. Tech Independence Focused ETF, which focuses on companies contributing to U.S. technological independence and has shown strong returns driven by AI investments.
AI Market Growth: The AI sector is projected to significantly impact the global economy, with Nvidia leading in GPU technology and major cloud providers like Amazon and Microsoft investing heavily in AI infrastructure, indicating a robust future for AI-related investments despite potential volatility in specific ETFs.
Analyst Views on IETC
Wall Street analysts forecast IETC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IETC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 99.790
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Current: 99.790
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
