VFQY - This Hidden Gem Vanguard ETF Is Chock-Full of Magnificent Stocks. Here's Why It's a Buy Now.
2024-07-21 05:30:00 ET
Many Vanguard exchange-traded funds (ETFs) are market-cap weighted -- so the most valuable companies in a theme or sector have the highest weighting.
For example, a growth or tech-focused ETF would probably have Microsoft , Apple , and Nvidia as the largest holdings. ExxonMobil would top the list of energy funds. Berkshire Hathaway would be a core holding in a value fund, etc.
The Vanguard U.S. Quality Factor ETF (NYSEMKT: VFQY) is unlike other ETFs . Its largest holdings have nothing to do with market cap. Instead, the fund uses a rules-based approach to classify companies based on quality.
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This Hidden Gem Vanguard ETF Is Chock-Full of Magnificent Stocks. Here's Why It's a Buy Now.