Four technology ETFs carry sizable NVIDIA positions
Zacks highlighted four funds with significant NVIDIA holdings, from semiconductor-focused portfolios to broader technology exposure.
Key takeaways
- NVIDIA reached a $239.86 intraday high on Monday, according to the article.
- SHOC had a 21.98% NVIDIA holding, while SMH had a 19.14% holding.
- IYW and XLK held 17.15% and 15.52% in NVIDIA, respectively.
NVIDIA reached a record intraday high of $239.86 on Monday, lifting its estimated market value to $5.78 trillion, according to Zacks. As of Tuesday afternoon, the shares traded at $241.57, up 1.12% since the previous close.
The rally followed the company’s announcement of a $150 billion increase to its share buyback authorization, bringing total repurchase capacity to $235 billion through fiscal 2028. Zacks pointed to ETFs as a way to hold NVIDIA alongside other companies, rather than relying on one stock.
The Strive U.S. Semiconductor ETF (SHOC) had a 21.98% NVIDIA holding and charged 40 basis points in fees, Zacks reported. The VanEck Semiconductor ETF (SMH) held 19.14% in NVIDIA and charged 35 bps; its other top holdings included Taiwan Semiconductor and AMD.
The iShares U.S. Technology ETF (IYW) held 17.15% in NVIDIA, while the State Street Technology Select Sector SPDR ETF (XLK) held 15.52%. Their fees were 37 bps and 8 bps, respectively. Zacks reported year-to-date gains of 36% for IYW and 39.6% for XLK.
This article was produced with the help of AI technology. Source: Yahoo Finance
