5 Best NASDAQ ETFs

3. VanEck Semiconductor ETF (NASDAQ:SMH)

5-Year Performance as of August 18: 172.13%

VanEck Semiconductor ETF (NASDAQ:SMH)’s aim is to imitate the price and yield results of the MVIS® US Listed Semiconductor 25 Index. This index is designed to monitor the performance of companies engaged in semiconductor production and equipment. As of August 16, 2023, the VanEck Semiconductor ETF had a total net asset value of $9.51 billion and an expense ratio of 0.35%. The ETF was introduced on November 20, 2011. VanEck Semiconductor ETF (NASDAQ:SMH) is one of the best NASDAQ ETFs to buy. 

Intel Corporation (NASDAQ:INTC) holds a significant position in VanEck Semiconductor ETF (NASDAQ:SMH)’s portfolio. On June 27, Intel Corporation (NASDAQ:INTC) reported a Q2 non-GAAP EPS of $0.13 and a revenue of $12.9 billion, outperforming Wall Street estimates by $0.16 and $760 million, respectively. 

According to Insider Monkey’s second quarter database, 86 hedge funds were bullish on Intel Corporation (NASDAQ:INTC), same as the previous quarter. Henry Ellenbogen’s Durable Capital Partners is the leading stakeholder of the company, with 1.4 million shares worth $659.4 million. 

ClearBridge Large Cap Growth Strategy made the following comment about Intuit Inc. (NASDAQ:INTU) in its second quarter 2023 investor letter:

“Taking advantage of post-earnings weakness, we initiated a position in Intuit Inc. (NASDAQ:INTU), a provider of software for small business accounting and tax preparation under the QuickBooks and TurboTax brands as well as personal finance (Credit Karma) and marketing services (Mailchimp). We see a clear path to upside earnings revisions as the company expands new products that increase its total addressable market and drive average revenue per user growth.”