Traditionally, tech companies have not considered paying back their investors. Instead, many firms opted to reinvest cash back into the company or buy back stocks.
The Fidelity NASDAQ Composite Index ETF (NasdaqGM: ONEQ) deserves a place in the conversation. After all, ONEQ is the Nasdaq Composite tracking ETF. That means ONEQ offers a much deeper bench than Nasdaq-100 ETFs as the Fidelity offering is home to 1,924 stocks and does not exclude financial services names as do its Nasdaq-100 rivals.
For more information on technology ETFs, visit our Technology category.
Tom Lydon’s clients own shares of QQQ.