Tech stocks are skyrocketing – just in the last year, Apple is up 33.8%, Advanced Micro Devices up 57%, Alphabet up 65.3%, and Nvidia up 125%! if you’re not already diversifying your portfolio with tech stocks, now is the time.
Investors wanting to get in on the boom may worry about higher entry prices, as well as mitigating risk. Exchange Traded Funds (ETFs) can get you exposure to all sectors, at an affordable price point. And if you select the right ones, you can pursue a larger investment in tech and more options overall for your portfolio.
If you are looking for something that can get a bit more exposure to the tech sector of the market, then there are 3 Top Tech ETFs you should look to add to your portfolio.
VGT: Vanguard Information Technology Index Fund ETF
Designed to give a more broad-based exposure to technology, you cannot go wrong with choosing Vanguard’s Information Technology ETF (VGT). VGT has amassed assets over $51 billion, making it the largest ETF striving to match the technology sector’s performance.
Investco’s QQQ Trust ETF (QQQ) happens to be one of the most significant exchange-traded funds. It tracks the Nasdaq-100 Index (NDX), and it has been considered the gold standard in NDX, outperforming the S&P 500 index.
VanEck Vectors Semiconductor ETF (SMH) is one of the top semiconductor ETFs on the U.S. market. It tracks the MVIS® US Listed Semiconductor 25 Index and holds a total of 25 different stocks that make up the ETF with an expense ratio of 0.35%.