Make the Most of the Big Tech Rally With These ETFs
Zacks Investment Research | Jun 25, 2020 03:03AM ET
Investors seem to be mostly braving their fears over the second wave of coronavirus infections on the latest updates from the technological sector. With support from the major tech players, the Nasdaq Composite index rose to a fresh record on Jun 23.
Gaining for eight straight days (longest streak since December 2019) and marking the second straight all-time closing high, the tech-heavy index rose 0.7% in yesterday’s trading session along with Dow Jones Industrial Average rising 0.5% and S&P 500’s 0.4% increase. In the ETF arena, major Nasdaq ETF like Invesco (NYSE:IVZ) QQQ (QQQ) hit a 52-week high in yesterday’s trading session. Meanwhile, popular technology ETFs like iShares U.S. Technology ETF (IYW) and Vanguard Information Technology ETF (VGT) soared to their 52-week high level.
Tech giant Apple QLD — up 1.6%
Investors seeking to make big gains in a short span can bet on QLD. It provides twice the return of the NASDAQ-100 Index’s daily performance and sees nearly 2 million shares trading in average daily volume. The fund has AUM of $2.64 billion and charges 95 bps in fees and expenses.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.