From Nasdaq:

The SPDR NYSE Technology ETF (XNTK) is a smart beta exchange traded fund focused on the broad Technology ETFs category of the market, launched on 09/25/2000.

Many ETF’s are based on market capitalization weighted indexes, designed to represent the broader market or a particular market segment, but there are also smart beta funds tracking non-cap weighted strategies and targeting outperforming stocks.

XNTK is managed by State Street Global Advisors and seeks to match the performance of the NYSE Technology Index. It holds 35 U.S.-listed technology-related companies with an annual operating expense of 0.35% and a dividend yield of 0.34%.

The fund is top-heavy in Information Technology with 64.60% portfolio allocation. Meta Platforms Inc Class A, Nvidia Corp, and Uber Technologies Inc are top holdings, while it has also posted good performance in the last year with a return of 57.08%.

For investors seeking to outperform the Technology ETFs segment of the market, XNTK proves as an excellent option. With alternatives like XLK and VGT tracking the Technology Select Sector Index, and charging 0.10% expense ratio, and offering low-risk options with traditional market cap weighted ETFs for investment.



Read more: Is SPDR NYSE Technology ETF (XNTK) a Strong ETF Right Now?