- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- May 19, 2000
- Business
- iShares U.S. Technology ETF (IYW) is an exchange-traded fund that seeks to track the investment results of an index composed of U.S. equities in the technology sector, primarily the Russell 1000 Technology RIC 22.5/45 Capped Index. The ETF provides investors with exposure to large-, mid-, and small-capitalization technology companies across subsectors including software, semiconductors, hardware, internet services, and IT services; top holdings typically feature leading firms such as Apple Inc., NVIDIA Corporation, Microsoft Corporation, Broadcom Inc., and Oracle Corporation, representing a diversified basket of technology stocks. Launched on May 19, 2000, and managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., the fund is domiciled in the United States with its principal headquarters in New York.
The fund offers a low-cost investment vehicle with an expense ratio of 0.38% or 0.39%, daily liquidity on the NYSE Arca exchange under the ticker IYW, and quarterly dividend distributions; it targets institutional and retail investors seeking sector-specific growth in the U.S. technology industry. Geographically, IYW focuses exclusively on U.S.-listed technology equities, providing concentrated exposure to the domestic market without international operations.
In recent developments, the fund has benefited from strong performance amid the 2024-2025 technology sector rally, delivering a one-year total return of approximately 29.38% and year-to-date gains of 23.03% as of late 2025, driven by artificial intelligence and semiconductor demand. BlackRock, as issuer, continues routine index reconstitutions and rebalances, with no major structural changes, acquisitions, or new product launches specific to IYW reported in the last 1-2 years; dividend payouts persisted quarterly, including payments in March, June, September 2024, and December 2024 into 2025. The ETF maintains its core passive strategy without shifts to active management, ESG focus, or strategic alliances announced recently.