IDRV

iShares Self-Driving EV and Tech ETF

$38.43
+0.00%
Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The iShares Self-Driving EV and Tech ETF (IDRV) seeks to track the investment results of an index composed of companies involved in the development of autonomous vehicle and electric vehicle technologies.

Overview

ETF tracking iShares Self-Driving EV and Tech ETF

Category Technology
Issuer BlackRock
Inception Date 2019-04-18
Market Cap $172.9M
Average Volume N/A
Dividend Yield 1.78%
52-Week Range $24.69 - $39.24
VWAP $38.29

Performance

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Investment Summary

📎 Investment Objective

The iShares Self-Driving EV and Tech ETF (IDRV) seeks to track the investment results of an index composed of companies involved in the development of autonomous vehicle and electric vehicle technologies.

🎯 Investment Strategy

The ETF invests in a portfolio of companies that are expected to benefit from the development and widespread adoption of autonomous and electric vehicle technologies. The fund's holdings span various industries, including automotive, technology, and transportation.

✨ Key Features

  • Exposure to companies at the forefront of autonomous and electric vehicle innovation
  • Diversified portfolio across the self-driving and electric vehicle technology ecosystem
  • Potential to benefit from the growth and adoption of these transformative technologies
  • Passively managed to track the performance of the underlying index

⚠️ Primary Risks

  • Concentration risk as the fund is focused on a specific industry and technology theme
  • Volatility risk due to the emerging and rapidly evolving nature of the self-driving and electric vehicle markets
  • Regulatory and policy risks as the industry is subject to evolving government policies and regulations
  • Competitive risks as companies in this space face intense competition and technological disruption

👤 Best For

This ETF may be suitable for investors with a long-term investment horizon who are seeking exposure to the growth potential of the autonomous and electric vehicle technology sector. Investors should be comfortable with the higher level of risk and volatility associated with this thematic investment approach.