Grab These Top-Ranked Tech ETFs to Join the Latest Rebound Rally
Zacks Investment Research | Feb 01, 2022 04:00AM ET
The start of the year 2022 has witnessed myriad hurdles for the technology sector. The Nasdaq Composite index lost about 8.9% in the first month of the year. Also, the tech-heavy index witnessed its worst month since March 2020. It is also in the correction territory as the index has declined about 12% from its high level.
Meanwhile, investors returned to their favorite sector to buy the dip in some tech shares as the Nasdaq Composite rebounded 3% and 3.4% on Jan 28 and Jan 31, respectively. The stock of Tesla (NASDAQ:TSLA) Apple (NASDAQ:AAPL) Hits $3T Market Cap for The First Time: ETFs to Buy ).
First Trust NASDAQ-100-Technology Sector Index Fund
First Trust NASDAQ-100-Technology Sector Index Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield of the NASDAQ-100 Technology Sector Index. QTEC has AUM of $3.33 billion. It charges investors 57 bps in annual fees. First Trust NASDAQ-100-Technology Sector Index Fund also flaunts a Zacks ETF Rank #1 at present, with a High-risk outlook.
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