TEKX

SPDR Galaxy Transformative Tech Accelerators ETF

$40.45

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Galaxy Transformative Tech Accelerators Index.

Overview

ETF tracking SPDR Galaxy Transformative Tech Accelerators ETF

Category Technology

Issuer State Street

Inception Date 2024-09-10

Market Cap $2.4M

Average Volume N/A

Dividend Yield 2.40%

52-Week Range $19.10 - $45.29

VWAP $40.87

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of companies that are involved in the development and commercialization of transformative technologies, with a focus on emerging and disruptive tech sectors. The fund tracks an index that selects and weights companies based on their involvement in areas like artificial intelligence, robotics, cloud computing, and other innovative technologies.

✨ Key Features

Exposure to a diversified portfolio of transformative technology companies
Tracks an index designed to capture emerging tech trends and growth opportunities
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific sector and technology themes
Volatility risk as emerging tech companies can be subject to rapid price swings
Liquidity risk due to the fund's small asset size and newness
Tracking error risk as the fund may not perfectly replicate the index performance

👤 Best For

The SPDR Galaxy Transformative Tech Accelerators ETF may be suitable for investors with a long-term investment horizon who are seeking exposure to innovative and disruptive technology companies. Due to the fund's focus on emerging trends, it may be appropriate for investors with a higher risk tolerance who are willing to accept the volatility that can come with investing in cutting-edge sectors.