iShares Technology Opportunities Active ETF
TEK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
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
•
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
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Oct 22, 2024
- CIK
- 0001761055
- Website
- ishares.com
- Similar Companies
- Business
- iShares Technology Opportunities Active ETF (TEK), issued by BlackRock, Inc. under the iShares brand, is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in equity securities of U.S. and non-U.S. technology companies across all market capitalization ranges, with a focus on those demonstrating rapid and sustainable growth potential from technological advancements. The fund targets companies operating in sectors including software, IT services and consulting, interactive media and entertainment, networking equipment, communications and telecom services, semiconductors and equipment, technology hardware, electronic components, and consumer finance technology; top holdings as of recent reports include NVIDIA Corp. (NVDA), Broadcom Inc. (AVGO), Microsoft Corp. (MSFT), Apple Inc. (AAPL), and Meta Platforms Inc. (META), representing approximately 58.9% of assets under management, which stand at around $31 million with a net expense ratio of 0.75%. Launched on October 21, 2024, and domiciled in the United States, TEK trades on NYSE Arca and benchmarks against the MSCI All Country World IT 10/40 Index and MSCI All Country World Index; it is managed by BlackRock Fund Advisors, with portfolio managers including Tony Kim and Reid Menge. In a recent strategic expansion, BlackRock launched TEK on October 22, 2024, alongside the iShares A.I. Innovation and Tech Active ETF (BAI) to broaden investor access to global AI and technology growth opportunities, marking a key initiative in active ETF offerings amid rising demand for technology-focused investments. The fund maintains global geographic exposure, investing in developed and emerging markets across regions such as North America, Europe, Asia-Pacific, and Latin America, serving institutional and retail investors seeking concentrated technology equity exposure without ESG-specific strategies.