A Cost-Efficient ETF for Rebounding Tech Stocks

VGT “offers the greatest level of diversification to investors because it is comprised of 382 stocks and is one of the largest in terms of total net assets with $8.7 billion. According to the Vanguard website, this fund carries an expense ratio of 0.10%, which is 93% lower than the average expense ratio of funds with similar holdings,” according to Investopedia.

Related: Tech Investors Buy the Dips

Regarding Apple, investors have grown increasingly concerned over the company’s iPhone sales growth, especially with China experiencing an economic slowdown. Several ETFs, including VGT, sport double-digit weights to the stock.

VGT’s “close above the dotted trendline along with the nearby support from the 50-day and 200-day moving averages creates one of the best risk/reward scenarios in months. Active traders will also likely use the bullish crossover between the MACD and its signal line to act as confirmation of the breakout,” adds Investopedia.

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Vanguard Information Technology ETF