The SPDR Innovative Technology ETF Can Run Higher



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This article is a part of InvestorPlace.com’s Best ETFs for 2020 contest. Bret Kenwell’s choice for the contest is the SPDR Innovative Technology Fund (NYSEARCA:XITK).



an image that says 10 best ETFs of 2020


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an image that says 10 best ETFs of 2020

It was another solid quarter for the FactSet Innovative Technology SPDR ETF (NYSEARCA:XITK), even though both it and the Nasdaq fell quite a bit from the quarterly highs. Still, the XITK ETF tacked on a 16.1% gain in the third quarter versus a gain of “just” 11% for the index. 

Given that the exchange-traded fund surged more than 47% in the second quarter, last quarter’s gains were impressive. Again that handedly outperformed the Nasdaq, which rallied 30.6% in Q2. 

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Some investors look at the XITK ETF and say, “No, that’s way too risky. I’ll stick

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