|Bid||58.66 x 900|
|Ask||58.72 x 800|
|Day's Range||58.21 - 59.60|
|52 Week Range||39.88 - 60.73|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||16.89%|
|Beta (5Y Monthly)||1.69|
|Expense Ratio (net)||0.75%|
It’s one thing to implement disruptive technology, but it’s another thing to understand it—especially in the case of business owners and executives. This is what industry expert Larry Pizette, the head of data science at Amazon’s Machine Learning Solutions Lab, suggests. Implementing the technology like artificial intelligence (AI) and machine learning can allow businesses to reap major benefits, but it’s not a simple one-size-fits-all solution.
The ARK Innovation ETF (ARKK) may be known for its large weight to Tesla (TSLA) – currently almost 11% – but when it comes to concepts such as automation and industrial innovation, the fund is one of the best on the market. The ARK Invest active management team also employ a top-down and bottom-up research methodology to identify innovative companies in the investment process. What makes ARKK increasingly relevant in today's investing landscape is that features a harmonious approach to accessing automation and innovation whereas some rival funds emphasize one, but not both of those concepts.
Engineering, in any sector, is already a complicated endeavor, but with the help of disruptive technology like artificial intelligence (AI) and machine learning, the tasks that engineers must undertake is getting less arduous. This becomes even more contentious when that change involves replacing human beings with machines, but in some instances, it’s not a matter of replacing current tasks, but enhancing them with the help of humans. In the case of engineering, AI and machine learning are helping to improve processes and provide engineers with capabilities they may not have had prior to disruptive technological advances.
Disruptive technology has been impactful irrespective of which sector one chooses to focus on, and the impact of technology, such as robotics, is just barely scratching the surface. This gives ETF investors the opportunity to jump in on disruptive-focused funds that delve into technology that is transformative for the medical industry, such as robots drawing blood. "Getting your blood drawn is something that is pretty routine in healthcare settings," wrote Robert Glatter, MD, in Forbes.
When it comes to disruption, all sectors are subject to opportunities that they can take advantage of—whether they see it coming or not. Clayton M. Christensen, a technology titan who developed the Theory of Disruptive Innovation, offered his thoughts on disruption via a MIT Sloan Management Review article. “The mechanics of disruption are the same as ever, but recent technological and business model innovations present unique opportunities and challenges for both incumbents and entrants,” said Christensen.
The 10 biggest ETFs with a hefty tilt toward Tesla (NasdaqGS: TSLA) surged on Tuesday as the electric carmaker rallied yet again after experiencing its biggest one-day gain in six years on Monday. Leading ...
It’s just one day, but notable was the 1.5% gained by Tesla (NASDAQ: TSLA) last Friday on what was a brutal day for the broader market. If ARK Invest, the issuer of the ARK Innovation ETF (NYSEArca: ARKK), ...
[Editor's note: "5 Great Tech ETFs That Aren't the XLK" was previously published in November 2019. It has since been updated to include the most relevant information available.]There are some ETFs that are clearly investor and trader's favorites. When it comes to tech ETFs, the Technology Select Sector SPDR Fund (NYSEARCA:XLK) is the runaway leader. The XLK covers all the major tech stocks in the S&P 500 and includes plenty of top hardware, software, semiconductors and services muscle. Add in its low expense ratio as well as its nearly 4 million shares per day trading volume and it's easy to see why investors have put more than $20 billion in the ETF.However, as awesome as the XLK is as a core tech fund, it isn't the only fish in the sea. There are plenty of other tech ETFs out there.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd in many cases, these specialized ETFs may offer something better than the popular XLK. Investors just gravitating to the XLK may actually be doing themselves a disservice. Thinking outside the box could lead to better returns. * 7 Under-the-Radar European Stocks to Buy for 2020 But what other tech ETFs are worthy of your time? Here are five that could give the popular XLK a run for its money. Invesco S&P SmallCap Information Technology ETF (PSCT)Source: Shutterstock Perhaps one of the biggest hits against the XLK is that it's full of the big boys -- the Microsofts (NASDAQ:MSFT), the Alphabets (NASDAQ:GOOG), etc. There's nothing wrong with these stocks, it's just many of the current and future leaders in tech are actually much smaller. And in this case, if you're looking for pure growth, then small-cap tech stocks should be where you focus your attention.And that's why the Invesco S&P SmallCap Information Technology ETF (NYSEARCA:PSCT) should be on your list.PSCT is just like the XLK, only this time it tracks all the tech stocks in the small-cap focused S&P 600. This currently includes 88 different stocks. Top holdings include networking equipment maker Viavi Solutions (NASDAQ:VIAV) and cloud computing communications firm 8×8 Inc (NASDAQ:EGHT). The makeup of the ETF is a bit different as well -- with electronic components and semiconductors making up the top sector weightings.That makeup and focus on smaller tech stocks haven't hurt the ETF on the performance front. PSCT has managed to post an average annual return of 18% over the last five years. That beats the broader S&P 600 and comes close to the XLK's performance.All in all, with more than $300 million in assets and a low 0.28% -- or $28 per $10,000 invested -- expense ratio, the PSCT is one of the best tech ETFs outside the XLK. ARK Innovation ETF (ARKK)Source: Shutterstock Active management works and can beat indexing when a) fund managers keep their funds small and b) when they take concentrated bets in only a handful of stocks. And that's just what Catherine Wood and her team do at the ARK Innovation ETF (NYSEArca:ARKK).ARK looks for stocks conducting so-called "disruptive innovation." Basically, any new technology that potentially changes the way the world works. The firm focuses its attention on four core areas -- the genomic revolution, industrial innovation, the next generation internet and fintech innovation.From here, Wood will select the best ideas and run a pretty concentrated portfolio of usually just 35 to 55 stocks. And she tends to sticks to her guns. For example, Wood bought tons of Tesla (NASDAQ:TSLA) during its last meltdown.Say what you will about Wood and her views on TSLA. But the concentrated strategy has worked for ARKK. Over the last three years, ARKK has managed to post a whopping 43% average annual return. That smashes the XLK over that time by a wide margin. * 7 Biometrics Stocks That Will Help Shape the Next Decade Perhaps the only downfall for ARKK is that its rather expensive at 0.75% in annual costs. However, if Wood can keep up the gains, that's a small price to pay to own one of the best performing tech ETFs out there. iShares Exponential Technologies ETF (XT)Source: Shutterstock If you like the idea of innovation and transformative tech, but don't think an active manager can make the right calls, then the iShares Exponential Technologies ETF (NYSEArca:XT). XT uses an index approach to get the job done.XT tracks the Morningstar Exponential Technologies Index. Exponential technologies are defined as advances which "displace older technologies, create new markets and have the potential to create significant positive economic benefits." This includes everything from 3-D printing and robotics to genomics/personalized medicine and data mining.The beauty is that XT doesn't just track strictly tech stocks like the XLK. It looks at all sectors to find these disruptors. There's plenty of industrials, healthcare and even real estate firms in the ETF. The fund currently 200 different global stocks -- with top holdings including ServiceNow (NYSE:NOW), Align (NASDAQ:ALGN) and First Solar (NASAQ:FSLR).Performance-wise, XT has been great. Through the end of April, the ETF has managed to produce an 18.70% annual return over the last three years. That's not too shabby. Even better is that XT has been less volatile than some other tech ETFs including the XLK. This is due to it not focusing purely on tech.Either way, with expenses clocking at 0.47%, XT makes a great choice for those investors looking to add some tech ETFs to their portfolios. First Trust ISE Cloud Computing Index Fund (SKYY)Source: Shutterstock Perhaps one of the biggest and most immediate advances in the tech sector has to be cloud computing. Every time you've used an app on your phone or accessed a data center at work, you've used the power of the cloud.Increasingly, our information and programs are being stored off-site. Software as a Service (SaaS) has become big business. That's why the First Trust ISE Cloud Computing Index Fund (NYSEARCA:SKYY) could be one of the best tech ETFs to buy.SKYY tracks the ISE Cloud Computing Index. The underlying index looks for firms that provide network hardware/software, storage, cloud computing services or those firms that deliver goods and services that utilize cloud computing technology.Preference is placed on those stocks that are pure cloud computing plays with tech conglomerates or those firms only derive a portion of their revenues from the cloud receiving a smaller weighting. * 10 Stocks to Buy for Your Income-Generating Portfolio The ETF is fairly concentrated with relatively few holdings. Top stocks include Salesforce.com (NYSE:CRM), SAP (NYSE:SAP) and VMware (NYSE:VMW).That explosive nature of cloud computing has helped propel SKYY one of the best performing tech ETFs around. Over the last three years, the fund has produced a 22% annual return.Expenses for SKYY clock in at just 0.60%. The KraneShares CSI China Internet ETF (KWEB)Source: Shutterstock Silicon Valley isn't the only place where tech innovation is happening. In fact, China has just as many global tech stock giants as the U.S. In looking for alternative ETFs to the XLK, heading to the Dragon Economy could be a smart bet and the KraneShares CSI China Internet ETF (NYSEArca:KWEB) could be the way to access the opportunity.KWEB tracks an index of China-based companies whose primary business are in internet-related sectors. The ETFs holdings read like a who's who of internet retailers, social media, gaming, travel and commerce sites in the nation.This includes giants like Alibaba (NYSE:BABA), NetEase (NASDAQ:NTES) and JD.com (NYSE:JD). With the ETF, you're basically getting the Facebook's (NYSE:FB) and Amazon's (NASDAQ:AMZN) of China.Given the sheer size of China's population and the growth of the internet in the nation, KWEB could be a solid long term bet for investors looking to expand their tech holdings. However, don't expect a smooth ride. The fund has been pretty volatile -- especially these days as the trade war has persisted. But the longer term looks rosy for China and its growth.With nearly $1.69 billion of assets and a 0.75% expense ratio, KWEB is the prime way to get a piece of the action.Disclosure: At the time of writing Aaron Levitt was long AMZN and XT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside * 7 Earnings Reports to Watch Next Week * 5 Online Retail Stocks to Buy on the Dip The post 5 Great Tech ETFs That Aren't the XLK appeared first on InvestorPlace.
Tesla Motors maintained its hottest streak following stellar fourth-quarter of 2019 results, wherein it easily topped earnings and revenue estimates. Additionally, the company guided an increase in 2020 deliveries from last year.
While the coronavirus outbreak continues to take its toll on global markets, it's disruptive technology like artificial intelligence that are coming to the forefront in terms of identifying the disease. For one Toronto startup, Bluedot, it was successfully able to use AI technology to alert clients of an outbreak by Dec. 31 last year, beating health organizations to the punch. According to the Quartz report, Bluedot was able to use natural language processing coupled with machine learning comb through copious amounts of data from various sources, such as global news reports, airline data and animal disease outbreak reports.
As investors look to growth opportunities ahead, many are looking to ongoing technological breakthroughs and targeted ETF strategies to capture these growing segments and enhance a diversified portfolio. ...
Wednesday was a big day for Tesla CEO Elon Musk. The American automotive and energy company based in Palo Alto, California reached a $100 billion market cap for the first time at the commencement of trading on Wednesday, readying CEO Elon Musk up for a massive payout. Tesla’s stock climbed more than 7% Wednesday, driving its market cap above $106 billion.
ARK Invest has identified five innovation platforms that are evolving today and causing an increased amount of new technological breakthroughs. Companies that are leading and benefiting from these technologies ...
The seemingly undaunted rise of Tesla (TSLA) is continuing, lifting a select group of ETFs in the process. It's an exclusive club because just a handful of ETFs has double-digit Tesla allocations. Led by Catherine Wood, ARK Investment Management was an early embracer of Tesla and one of its most vocal supporters on Wall Street.
It's not enough to simply keep up with the technology of today as the rate of reaching obsolescence is faster than ever with new disruptive innovations always in the works. For ETF investors who want to keep pace, they have to look at funds that focus on technology that seemed light years away via disruptive ETFs. "The financial services industry is known for its technological prowess, and companies in other industries have implemented technologies that financial services has pioneered, such as blockchain," a Nasdaq report noted.
Do you think today's financial markets have all areas efficiently covered? Do you believe that exceptional returns are hard to come by unless investors have millions to place into a private equity fund? ARK Invest is here to prove otherwise. The New York-based investment advisor offers five actively managed and two passive ETFs that focus on disruptive innovation companies in...
In late trading Tuesday, shares of Tesla (NASDAQ: TSLA) were higher by more than 4%, elevating the electric vehicle maker’s market value to $83 billion. On an intraday basis, Tesla became the most valuable ...
Biotech firm Illumina, Inc. (ILMN) scrapped a merger with Pacific Biosciences, but there's still a lot to like about Illumina and for investors that can't handle the stock's over $300 price tag, the ARK Genomic Revolution Multi-Sector Fund (ARKG) is an adequate proxy on the stock. ARKG allocates 10.38% of its weight to shares of Illumina, making it the ETF with the largest weight to that stock. ARKG's stablemate, the ARK Innovation ETF (ARKK) , is second with an Illumina weight of about 7%.
It didn’t seem like long ago when the internet changed the typical real estate transaction, allowing prospective buyers and sellers to perform their own research as opposed to relying on an agent to solely guide their real estate decisions. Now, disruption is on another level with the advent of technology like robotics and artificial intelligence, which is forcing agents to adapt to the ever-changing real estate landscape. It’s a sentiment that’s being echoed irrespective of the industry—from manufacturing and of course, now, real estate.