We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, Vanguard Information Technology ETF (VGT - Free Report) is probably on radar. The fund just hit a 52-week high, and is up about 46% from its 52-week low price of $267.46/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
VGT in Focus
This ETF offers exposure to U.S. informational technology stocks with key holdings in industries like systems software, technology hardware storage & peripheral, semiconductors, and data processing & outsourced services. It charges investors 10 basis points in fees (see: all the Technology ETFs here).
Why the Move?
The technology corner of the broad U.S. stock market has been an area to watch lately given investors’ confidence in economic recovery. The Federal Reserve Chair Jerome Powell, testifying before Congress yesterday, gave further boost to growth investing. Powell reiterated that rising inflation is due to transitory or temporary factors. The central bank would not increase interest rates to curb inflation, but will instead prioritize a "broad and inclusive" recovery of the job market. Lower interest rates bode well for the technology sector.
More Gains Ahead?
Currently, VGT has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting continued outperformance in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Technology ETF (VGT) Hits New 52-Week High
For investors seeking momentum, Vanguard Information Technology ETF (VGT - Free Report) is probably on radar. The fund just hit a 52-week high, and is up about 46% from its 52-week low price of $267.46/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
VGT in Focus
This ETF offers exposure to U.S. informational technology stocks with key holdings in industries like systems software, technology hardware storage & peripheral, semiconductors, and data processing & outsourced services. It charges investors 10 basis points in fees (see: all the Technology ETFs here).
Why the Move?
The technology corner of the broad U.S. stock market has been an area to watch lately given investors’ confidence in economic recovery. The Federal Reserve Chair Jerome Powell, testifying before Congress yesterday, gave further boost to growth investing. Powell reiterated that rising inflation is due to transitory or temporary factors. The central bank would not increase interest rates to curb inflation, but will instead prioritize a "broad and inclusive" recovery of the job market. Lower interest rates bode well for the technology sector.
More Gains Ahead?
Currently, VGT has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting continued outperformance in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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. Get it free >>