In this article, we will discuss the 5 best performing technology ETFs in 2022. If you want to explore similar ETFs, you can take a look at 10 Best Performing Technology ETFs in 2022.
5. Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT)
YTD Return as of December 12: -19.25%
As of December 12, the Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) has lost 19.25% year to date and is one of the best performing technology ETFs in 2022. The fund has outperformed the Nasdaq by over 10%. The fund uses a full replication technique to mirror the performance of the S&P SmallCap 600 Capped Information Technology Index.
The Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) has $316.01 million in assets under management and an expense ratio of 0.29%. The fund has a 71 holdings concentrated in the technology, industrials, and consumer cyclical segments, and a top ten holdings concentration of 32.70%. One of the top holdings of the fund is Badger Meter, Inc. (NYSE:BMI), a leading flow solutions technology company. As of December 12, Badger Meter, Inc. (NYSE:BMI) has gained 56.07% year to date and is worth $3.43 billion on the open market.
On October 11, Stifel analyst Nathan Jones updated his price target on Badger Meter, Inc. (NYSE:BMI) to $93 from $94 and reiterated a Hold rating on the shares.
As of September 30, Impax Asset Management is the dominant shareholder in Badger Meter, Inc. (NYSE:BMI) and has a stake worth $108.8 million in the company.
4. First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR)
YTD Return as of December 12: -17.21%
The First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) has an expense ratio of 0.65% and a yield of 3.21%. The fund employs a full replication technique to mirror the returns of the Indxx Blockchain Index. As of December 12, the fund has shed 17.21% year to date and has outperformed the Nasdaq by over 12%. The fund is one of the best performing technology ETFs in 2022.
The First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) has 107 holdings concentrated across the financials, technology, and communications segments. The fund has $118.90 million in assets under management and a top ten holdings concentration of 14.34%.
NVIDIA Corporation (NASDAQ:NVDA) is one of the top holdings of the First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR). As of December 12, NVIDIA Corporation (NASDAQ:NVDA) has gained 12.07% year to date and is worth $431.36 billion.
On November 17, Needham analyst Rajvindra Gill raised his price target on NVIDIA Corporation (NASDAQ:NVDA) to $200 from $155 and maintained a Buy rating on the shares.
As of September 30, Fisher Asset Management is the top investor in NVIDIA Corporation (NASDAQ:NVDA) and has a position worth $1.46 billion.
Here is what ClearBridge Investments had about NVIDIA Corporation (NASDAQ:NVDA) in its third-quarter 2022 investor letter:
“Likewise, graphics chip maker NVIDIA Corporation (NASDAQ:NVDA) (-19.9%) has struggled through the post-COVID-19 recovery but maintains dominant positions in key secular growth markets of AI and gaming. The company has significantly underperformed the index and semiconductor peers recently due to a gaming inventory correction, a decline in aggregate cryptocurrency demand and reduction in crypto mining intensity as well as concerns around the sustainability of data center sales.
We tactically trimmed our position early in 2022 due to concerns around these cycle dynamics but remain confident in the company’s long-term prospects.”
3. KraneShares CSI China Internet ETF (NYSEARCA:KWEB)
YTD Return as of December 12: -14.96%
The KraneShares CSI China Internet ETF (NYSEARCA:KWEB) aims to track the performance of the CSI Overseas China Internet Index by using a representative sampling technique. The fund has declined by 14.96% year to date, as of December 12, and has outperformed the Nasdaq by over 14%. The fund is placed third among the best performing technology ETFs in 2022. The KraneShares CSI China Internet ETF (NYSEARCA:KWEB) has an expense ratio of 0.69% and a yield of 8.32%.
The KraneShares CSI China Internet ETF (NYSEARCA:KWEB) has $5.78 billion in assets under management and has 43 holdings concentrated across the consumer cyclical, communications, and technology segments. Among the fund’s top holdings, we have JD.Com, Inc. (NASDAQ:JD).
On November 21, Barclays analyst Jiong Shao raised his price target on JD.com, Inc. (NASDAQ:JD) to $72 from $59 and reiterated an Overweight rating on the shares.
As of September 30, Tiger Global Management LLC is the top shareholder in JD.com, Inc. (NASDAQ:JD) and has disclosed a position worth $1.50 billion.
2. iShares North American Tech-Multimedia Networking ETF (NYSEARCA:IGN)
YTD Return as of December 12: -14.85%
The iShares North American Tech-Multimedia Networking ETF (NYSEARCA:IGN) has lost 14.85% year to date, as of December 12, and has outperformed the Nasdaq by roughly 15%. The fund is one of the best performing technology ETFs in 2022. The fund has an expense ratio of 0.40% and a yield of 0.25%. The fund aims to track the performance of the S&P North American Technology Multimedia Networking Index by using a representative sampling technique.
The iShares North American Tech-Multimedia Networking ETF (NYSEARCA:IGN) has $123.84 million in assets under management and 25 holdings concentrated in the technology sector. The fund has a top ten holdings concentration of 67.58%. One of the top holdings of the iShares North American Tech-Multimedia Networking ETF (NYSEARCA:IGN) is Juniper Networks, Inc. (NYSE:JNPR). As of December 12, Juniper Networks, Inc. (NYSE:JNPR) has gained 17.74% over the past six months and is offering a forward dividend yield of 2.74%.
On October 26, Piper Sandler analyst James Fish raised his price target on Juniper Networks, Inc. (NYSE:JNPR) to $31 from $29 and reiterated a Neutral rating on the shares.
As of September 30, Millennium Management is the largest shareholder in Juniper Networks, Inc. (NYSE:JNPR) and has a position worth $168.14 million.
1. ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV)
YTD Return as of December 12: -12.87%
The ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) uses a full replication technique to mirror the returns of the S&P Technology Dividend Aristocrats Index. The fund has an expense ratio of 0.45% and a yield of 1.46%. As of December 12, The ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) has declined by 12.87% year to date and has outperformed the Nasdaq by roughly 17%. The fund ranks among the best performing technology ETFs in 2022.
The ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) has $126.37 million in assets under management and has 41 holdings concentrated across the technology, industrials, and financials segments. The fund has a top ten holdings concentration of 26.16%. Accenture Plc (NYSE:ACN) is one of the top holdings of the ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV). As of December 12, Accenture Plc (NYSE:ACN) has gained 5.73% over the past six months and is offering a forward dividend yield of 1.53%.
On October 14, JPMorgan analyst Tien-tsin Huang updated his price target on Accenture Plc (NYSE:ACN) to $306 from $329 and maintained an Overweight rating on the shares.
As of September 30, Ako Capital is the dominant shareholder in Accenture Plc (NYSE:ACN). The fund’s stake are valued at over $500 million.
Here is what Distillate Capital Partners LLC had to say about Accenture plc (NYSE:ACN) in its third-quarter 2022 investor letter:
“The largest new purchases includes Accenture plc (NYSE:ACN). Accenture modestly lagged the market last quarter and became similarly attractive enough to warrant ownership. Similar to our prior presentations, one way to visualize the current portfolio and note recent changes versus the benchmark is to look at scatter plot of all of Distillate’s FSV holdings versus those in the benchmark with valuation on the vertical axis and free cash ϲow stability on the horizontal axis.”
You can also take a look at Seth Klarman Stock Portfolio and Most Volatile Stocks Under $5 For Day Trading.
