February 23, 2012 2:37 PM | 1 min read |
Have you ever heard of the SPDR Morgan Stanley Technology ETF (NYSE: MTK)? The Professor is willing to bet the answer is "No" and that's not a bad thing. Sometimes it feels like MTK
doesn't get much attention
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
good or bad. In other words, comparing the returns of this thinly traded, hardly noticed fund to International Business Machines (NYSE: IBM) is basically absurd and it goes back to the molestation of the the
ETF vs. stocks argument. IBM accounts for all of 2.57% of MTK's weight, so yeah, if the stock is performing well, it's likely to outperform the ETF. IBM is MTK's Number 28 holding...out of 33. In other words, it's more relevant to compare MTK to its more significant holdings. In the past five years, MTK is up about 20% while Applied Materials (Nasdaq: AMAT), the ETF's seventh-largest holding, is down about 30%. Seagate Technology (NYSE: STX), currently the ETF's largest holding, has also lagged the fund over the past five years. Since LinkedIn (NYSE: LNKD), now MTK's second-largest holding, came public, the ETF has slightly outperformed that stock.Noteworthy is the fact that MTK has torched the SPDR Dow Jones Industrial Average (NYSE: DIA) year-to-date. Guess what the largest holding in DIA is? IBM.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.