- Business
- Amplify BlueStar Israel Technology ETF (ITEQ) is an exchange-traded fund that seeks investment results that generally correspond to the total return performance, before fees and expenses, of the BlueStar Israel Global Technology Index. The fund provides exposure to Israeli technology companies engaged in sectors including cybersecurity, artificial intelligence, autonomous driving, CleanTech, DefenseTech, biotechnology, water technology, semiconductors, and 3D printing; key holdings encompass CyberArk Software Ltd., Elbit Systems Ltd., Check Point Software Technologies Ltd., NICE Ltd., Amdocs Ltd., Wix.com Ltd., Monday.com Ltd., Nova Ltd., Tower Semiconductor Ltd., and Varonis Systems Inc. ITEQ employs a replication strategy, investing in equity securities or depositary receipts such as American Depositary Receipts listed on U.S. exchanges of qualifying Israeli technology companies that derive significant revenue or operations from Israel. The fund targets institutional and retail investors seeking thematic exposure to Israel's innovation-driven technology ecosystem, with approximately 57 holdings weighted by float-adjusted market capitalization and rebalanced semi-annually.
Launched on November 2, 2015, and listed on NYSE Arca, ITEQ is managed by Amplify Investments LLC, with Tidal Investments LLC serving as sub-adviser, and is domiciled in the United States at 3333 Warrenville Road, Suite 350, Lisle, Illinois.
In January 2024, ITEQ acquired all assets and liabilities of the Etho BlueStar Israel Technology ETF, a series of the ETF Managers Trust, adopting its predecessor's performance history and financials as part of Amplify ETF Trust's portfolio consolidation efforts. The fund maintains its focus on the BlueStar Israel Global Technology Index, previously known as the BlueStar TA-BIGITech Israel Technology Index, with no subsequent major reorganizations, partnerships, funding rounds, or product launches reported through late 2025.