SNSR hits a 52-week high as strong gains in IoT and semiconductor holdings fuel momentum and raise hopes for further upside.
Global X Internet of Things ETF has returned 140% since 2016, not counting the recent market decline; it struggles to outperform the broader market due to the 0.68% expense ratio. The ETF was well-positioned for outperformance in the past, benefiting during tech booms like the pandemic and the 2023 tech resurgence. Despite being 77% technology-centric, the ETF doesn't closely track mainstream AI technology, highlighting the niche nature of the Internet of Things segment.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 6,912 | $243,874.73 | $324,720.92 | $80,846.19 | 33.15% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 91 | $3,284.06 | $4,276.54 | $992.48 | 30.22% |
Michael Capobianco MWA Asset Management | 1,208 | $45,022.16 | $56,709.56 | $11,687.4 | 25.96% |
| DC Dominic Corabi Wedmont Private Capital | 13,653 | $449,729.82 | $633,089.61 | $183,359.79 | 40.77% |
| WTM W. Travis McKinney HB Wealth Management LLC | 5,566 | $207,444.82 | $255,869.02 | $48,424.2 | 23.34% |
| NASDAQ (NMS) Exchange | US Country |
The company operates an investment fund specifically focused on the burgeoning Internet of Things (IoT) industry. By dedicating at least 80% of its total assets to securities within the underlying index, the fund aims to provide investors with targeted exposure to the companies driving forward IoT innovations. These entities span various sectors, including wearable technology, home automation, connected automotive technology, sensors, and networking infrastructure/software, to name a few. This strategic focus underscores the fund's commitment to investing in the technologies shaping the future of connectivity and automation across multiple domains of daily life. The fund is characterized by its non-diversified status, indicating a concentrated investment approach within the specified technology domain.
Investments in companies developing devices designed to be worn on the body. These may include smartwatches, fitness trackers, and health monitoring gadgets, emphasizing the merging of fashion with functionality and digital connectivity.
Funding is directed towards enterprises offering solutions that make homes smarter and more connected. This includes everything from intelligent lighting and security systems to voice-controlled assistants and automated climate control, focusing on enhancing comfort, convenience, and energy efficiency.
The fund allocates resources to firms at the forefront of integrating digital technology into automotive design and functionality. This covers a range of innovations, including autonomous driving features, vehicle-to-vehicle communication, and smart navigation systems, aimed at revolutionizing the driving experience and vehicle safety.
Investment in companies producing sophisticated sensor technologies critical for IoT applications. These sensors collect data from their environment, supporting a wide array of uses such as motion detection, air quality monitoring, and biometric identification, playing a pivotal role in the IoT ecosystem.
Support for businesses developing the backbone of IoT, including the hardware and software enabling devices to connect and communicate. This includes investments in routers, gateways, cloud computing, and the software platforms that manage these connections, underpinning the functionality of connected devices and systems.
Backing innovators in energy management solutions that leverage IoT for smarter consumption tracking and control. Products in this category include smart meters for utilities, intelligent lighting systems, and thermostat controls, contributing to more sustainable and efficient energy use.