5 Best ETFs To Buy Now

2. iShares U.S. Technology ETF (NYSE Arca: IYW)

5-year Share Price Performance as of March 9, 2024: 181.85%

iShares U.S. Technology ETF (NYSE Arca: IYW) aims to replicate the performance of the Russell 1000 Technology RIC 22.5/45 Capped Index, which includes US equities in the technology sector. Established on May 15, 2000, iShares U.S. Technology ETF (NYSE Arca: IYW) provides exposure to electronics, computer software and hardware, and information technology companies, offering targeted access to domestic technology stocks. As of March 8, 2024, the fund’s net assets total $15.8 billion, and its portfolio comprises 133 stocks. The ETF has an expense ratio of 0.40%. iShares U.S. Technology ETF (NYSE Arca: IYW) ranks 2nd on our list of the best ETFs to buy. 

Alphabet Inc. (NASDAQ:GOOG) is one of the top holdings of the iShares U.S. Technology ETF (NYSE Arca: IYW). On March 7, Google’s Alphabet announced that it has established its inaugural Asia-Pacific cyberdefense base in Tokyo, with a focus on advancing research on countermeasures against cyberattacks. The initiative involves sharing information with Japanese government officials, companies, and universities. Additionally, the Tokyo site will serve as a central hub for training experts in the field of regional cyberdefense.

According to Insider Monkey’s fourth quarter database, 166 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG), compared to 163 funds in the last quarter. 

The FPA Crescent Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its fourth quarter 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) continued going from strength to strength during 2023 despite concerns that competition may infringe on the company’s dominant position in Search. Thus far, Alphabet has continued to hold its own, and we look forward to seeing how the company incorporates further AI developments across the Alphabet ecosystem. Lastly, we are hopeful that the impending arrival of a new CFO will bring a renewed focus on efficiency – an area where we believe Alphabet has ample room for improvement.”