Amplify Bloomberg AI Equal Weight ETF (AIVC)

The Amplify Bloomberg AI Equal Weight ETF (AIVC) is an exchange-traded fund sponsored by Amplify ETFs. It seeks to track a Bloomberg index of companies involved in artificial intelligence, with holdings weighted equally.

The index includes businesses across the AI value chain, which can range from semiconductor and hardware makers to cloud computing and software companies. Equal weighting gives each company a similar share of the portfolio regardless of size, so smaller AI-related firms carry more influence than they would in a market-capitalization-weighted fund, and the largest companies carry less.

The fund follows a passive, index-based approach. Its shares trade on NYSE Arca.