iShares Future Metaverse Tech and Communications ETF
IVRS
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
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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
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Feb 16, 2023
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that seeks to track the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, comprising U.S. and non-U.S. companies providing products and services contributing to the metaverse; these include virtual platforms, social media and networking platforms, gaming operations and online gaming, 3D software and multimedia software, digital assets, virtual reality software, and augmented reality technologies. The ETF holds approximately 42 equities, with top holdings such as Unity Software Inc. (7.46%), Meta Platforms Inc. (5.88%), Roblox Corp. (5.63%), PTC Inc. (5.08%), and Electronic Arts Inc. (4.66%), spanning technology (around 60-62%), communication services (around 37-38%), and minor consumer cyclical exposure; it invests in growth and value stocks across large, mid, and small market capitalizations from developed and emerging markets excluding India. Launched on February 14, 2023 and domiciled in the United States, IVRS is issued and managed by BlackRock, Inc. through its iShares brand and BlackRock Fund Advisors, with a net expense ratio of 0.47%, and trades on NYSE Arca with assets under management of approximately $8 million. The fund employs a passive management style using physical replication and representative sampling to match the index, which selects constituents based on five-year revenue projections, exposure to metaverse themes, float-adjusted market capitalization (with individual caps at 6% for Tier 1 and 3% for Tier 2 stocks), and minimum thresholds of $300 million market cap and $2 million average daily trading volume; the index undergoes annual reconstitution and rebalancing in December. Geographically, holdings are diversified with about 62% in U.S. stocks, 38% in non-U.S. stocks including emerging Asia (11.57%), Japan (9.29%), Eurozone (8.18%), and Europe ex-Euro (4.46%), targeting institutional and retail investors seeking thematic exposure to metaverse-enabling technologies. No major strategic changes, such as partnerships, acquisitions, funding rounds, new product launches, or reorganizations, have been reported for IVRS in the last 1-2 years; the ETF maintains its core strategy amid ongoing performance tracking, with recent metrics showing a 1-year total return of 32.38%, YTD return of 29.88% as of late 2025, and semi-annual distributions including $0.0041 and $0.0549. BlackRock continues routine operations, including standard index rebalancing, without noted shifts in fund structure or borrower additions specific to IVRS.