Investing in Innovation: 5 Best Tech and Disruptive ETFs

4. iShares Expanded Tech Sector ETF (NYSE:IGM)

5-Year Share Price Performance as of March 20: 150.00%

iShares Expanded Tech Sector ETF (NYSE:IGM) tracks the S&P North American Expanded Technology Sector Index, which includes North American equities from the technology sector as well as select companies from communication services to consumer discretionary sectors. As of March 19, 2024, iShares Expanded Tech Sector ETF (NYSE:IGM) holds net assets worth $4.27 billion, with a portfolio comprising 278 stocks and an expense ratio of 0.41%. It is one of the best tech ETFs to invest in. 

Apple Inc. (NASDAQ:AAPL) is the largest holding of the iShares Expanded Tech Sector ETF (NYSE:IGM). Barclays reported lower February hardware builds for Apple Inc. (NASDAQ:AAPL) compared to January, with App Store growth up 15% year-over-year. Weak iPhone builds continue, driven by softer demand and market share loss in China, though emerging markets show some strength. Barclays anticipates no significant design changes for the iPhone16, expected by 2025. They maintain a Neutral rating on Apple Inc. (NASDAQ:AAPL) with a price target of $158 on March 11. 

According to Insider Monkey’s fourth quarter database, 131 hedge funds were long Apple Inc. (NASDAQ:AAPL), compared to 134 funds in the earlier quarter. Warren Buffett’s Berkshire Hathaway is the leading stakeholder of the company, with 905.56 million shares worth $174.3 billion. 

Orbis Global Equity Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

“Never before has following the crowd made so much money. Nor, in our estimation, so little sense. But just look at the opportunities the crowd has left for those of us willing to take a different view. We could wax lyrical about the glaring difference in value between Korean banks priced at 4 times earnings, versus Apple Inc. (NASDAQ:AAPL) at 28 times, despite diverging fundamentals—Apple is increasingly at risk of bans in China, while Korean banks could double their dividends.”