In this article we discuss the 5 best tech ETFs to buy according to Reddit. If you want to read our detailed analysis of these ETFs, go directly to the 10 Best Tech ETFs to Buy According to Reddit.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, advertising technology one of the fastest growing industries right now, so we are checking out stock pitches like this under-the-radar adtech stock that can deliver 10x gains. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s take a look at the best tech etfs:
Best Tech ETFs to Buy According to Reddit
5. SPDR S&P Semiconductor ETF (NYSE: XSD)
SPDR S&P Semiconductor ETF (NYSE: XSD) is an exchange traded fund that tracks the investment results of the S&P Semiconductor Select Industry Index comprising US-based firms working in the semiconductor sector. The fund tracks the performance of stocks on the index through a sampling strategy and invests at least 80% of total assets in the stocks on the index. It ranks 5th in the list of best tech ETFs to buy according to Reddit.
SPDR S&P Semiconductor ETF (NYSE: XSD) has close to $1 billion in net assets under management. It has a year-to-date daily total return of 4.22% with a net expense ratio of 0.42%. Over the past 52 weeks, the price of the fund has touched a low of $105 and a high of $203.
4. Vanguard Information Technology Index Fund ETF Shares (NYSE: VGT)
Vanguard Information Technology Index Fund ETF Shares (NYSE: VGT) is an exchange traded fund that tracks the performance of the MSCI US Investable Market/Information Technology 25/50 Index which comprises large, mid-size, and small US-based companies working in the information technology sector. It is a non-diversified fund that employs a replication strategy in stocks on the index.
Vanguard Information Technology Index Fund ETF Shares (NYSE: VGT) has more than $50 billion in net assets under management with a year-to-date daily total return of 5.09%. The net expense ratio is 0.10% and the 52-week price range lies between $258 and $388.
3. Fidelity MSCI Information Technology Index ETF (NYSE: FTEC)
Fidelity MSCI Information Technology Index ETF (NYSE: FTEC) is an exchange traded fund that tracks the investment results of the MSCI USA IMI Information Technology 25/50 Index which comprises companies working in the information technology sector in the US markets. It is a non-diversified fund that invests at least 80% of total assets in holdings on the index.
Fidelity MSCI Information Technology Index ETF (NYSE: FTEC) has more than $5.5 billion in net assets under management with a year-to-date daily total return of 5.11%. The net expense ratio for the fund is 0.08%.
2. Invesco S&P 500 Equal Weight Technology ETF (NYSE: RYT)
Invesco S&P 500 Equal Weight Technology ETF (NYSE: RYT) is an exchange traded fund that tracks the investment results of S&P 500 Equal Weight Information Technology Index which comprises companies working in the information technology sector that are part of the S&P 500 Index. The fund invests at least 90% of total assets in the underlying index. It ranks 2nd in the list of best tech ETFs to buy according to Reddit.
Invesco S&P 500 Equal Weight Technology ETF (NYSE: RYT) has more than $2.5 billion in net assets under management with a year-to-date daily total return of 10.18%. The net expense ratio for the fund is 0.40%.
1. SPDR S&P 500 ETF Trust (NYSE: SPY)
SPDR S&P 500 ETF Trust (NYSE: SPY) is an exchange traded fund that tracks the investment results of the S&P Software & Services Select Industry Index which comprises firms working in the software services sector of the S&P Total Market Index. The fund invests at least 80% of total assets in the stocks on the underlying index.
SPDR S&P 500 ETF Trust (NYSE: SPY) has over $610 million in net assets under management with a year-to-date daily total return of 4.48% and a net expense ratio of 0.35%. The 52-week price range of the fund is between $103 and $177.
You can also take a peek at 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 14 Best European Dividend Stocks To Buy.
