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Looking for broad exposure to the Technology - Internet segment of the U.S. equity market? You should consider the ARK Web x.0 ETF (ARKW - Free Report) , a passively managed exchange traded fund launched on 09/30/2014.
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Internet is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 8, placing it in top 50%.
Index Details
The fund is sponsored by Ark Investment Management. It has amassed assets over $527.06 M, making it one of the average sized ETFs attempting to match the performance of the Technology - Internet segment of the U.S. equity market.
This ETF is active and does not track a benchmark.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.75%, making it the most expensive product in the space.
It has a 12-month trailing dividend yield of 0.23%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Twitter Inc accounts for about 5.92% of total assets, followed by Amazon.com Inc (AMZN - Free Report) and Tesla Inc (TSLA - Free Report) .
The top 10 holdings account for about 45.56% of total assets under management.
Performance and Risk
The ETF return is roughly 20.43% so far this year and is up about 57.94% in the last one year (as of 07/02/2018). In that past 52-week period, it has traded between $34.43 and $59.10.
The ETF has a beta of 1.27 and standard deviation of 21.76% for the trailing three-year period, making it a medium risk choice in the space. With about 43 holdings, it has more concentrated exposure than peers.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Should You Invest in the ARK Web x.0 ETF (ARKW)?
Looking for broad exposure to the Technology - Internet segment of the U.S. equity market? You should consider the ARK Web x.0 ETF (ARKW - Free Report) , a passively managed exchange traded fund launched on 09/30/2014.
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Internet is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 8, placing it in top 50%.
Index Details
The fund is sponsored by Ark Investment Management. It has amassed assets over $527.06 M, making it one of the average sized ETFs attempting to match the performance of the Technology - Internet segment of the U.S. equity market.
This ETF is active and does not track a benchmark.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.75%, making it the most expensive product in the space.
It has a 12-month trailing dividend yield of 0.23%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Twitter Inc accounts for about 5.92% of total assets, followed by Amazon.com Inc (AMZN - Free Report) and Tesla Inc (TSLA - Free Report) .
The top 10 holdings account for about 45.56% of total assets under management.
Performance and Risk
The ETF return is roughly 20.43% so far this year and is up about 57.94% in the last one year (as of 07/02/2018). In that past 52-week period, it has traded between $34.43 and $59.10.
The ETF has a beta of 1.27 and standard deviation of 21.76% for the trailing three-year period, making it a medium risk choice in the space. With about 43 holdings, it has more concentrated exposure than peers.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.