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Should You Invest in the State Street SPDR NYSE Technology ETF (XNTK)?

Zacks Investment Research·
Should You Invest in the State Street SPDR NYSE Technology ETF (XNTK)?

The State Street SPDR NYSE Technology ETF (XNTK) is a passively managed fund tracking 35 U.S. technology companies with a low 0.35% expense ratio and $1.85 billion in assets. The ETF has gained 26.7% year-to-date and 45.7% over the past year, earning a Zacks ETF Rank of 1 (Strong Buy). However, it carries higher volatility with a beta of 1.45 and concentrated exposure with only 37 holdings.

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