iShares Future Cloud 5G and Tech ETF
IDAT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jun 14, 2021
- Similar Companies
- Business
- iShares Future Cloud 5G and Tech ETF (IDAT) is an exchange-traded fund that seeks to track the investment results of the Morningstar Global Digital Infrastructure & Connectivity Index, comprising companies from developed and emerging markets positioned to benefit from cloud computing and 5G technologies. The fund invests at least 80% of its assets in component securities of the index or investments with substantially similar economic characteristics, including stocks of firms providing infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) solutions for cloud computing; fifth-generation (5G) broadband cellular network connectivity; semiconductors, networking equipment, data storage, and related digital infrastructure products and services from companies such as Broadcom Inc., Nokia Corp., NVIDIA Corp., Qualcomm Inc., and Arista Networks Inc. It targets growth and value stocks across diversified market capitalizations in the information technology sector, with geographic exposure spanning the United States, Europe, Asia, and other regions. Launched on June 8, 2021, by BlackRock, Inc. and managed by BlackRock Fund Advisors, the ETF is domiciled in the United States with principal operations based in New York. The fund employs a passive, physical replication strategy using representative sampling to mirror the index, distributing qualified dividends and focusing on public equity markets. In a significant recent development, BlackRock announced the termination and liquidation of the ETF on June 13, 2025, as part of a broader review of funds to align with investor objectives; trading halted prior to market open on August 19, 2025, with final creation and redemption ceasing after market close on August 18, 2025, and cash proceeds distributed to remaining shareholders at a net asset value of $36.972703 per share on August 21, 2025. This operational closure represents the primary strategic change for the fund within the last year, with no reported partnerships, acquisitions, funding rounds, or new product launches preceding the liquidation.