The Harvest Tech Achievers Growth & Income ETF (HTA:CA) offers a dynamic opportunity for investors looking to balance growth potential with steady income. Listed on the TSX, this ETF focuses on leading technology companies, aiming to provide both capital appreciation and consistent dividend income.
With a “Slightly Bullish” rating from Stock Target Advisor, HTA:CA has shown notable performance over the past year, positioning itself as a promising option in the tech-driven sector equity market.
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What is the Harvest Tech Achievers Growth & Income ETF?
The Harvest Tech Achievers Growth & Income ETF is a sector-focused ETF designed to capitalize on the growth potential of major technology companies while offering attractive dividend returns. Over the past year, the ETF delivered a total return of 21.45%, reflecting its strong ability to blend income and growth.
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Top Holdings of HTA:CA
The ETF’s portfolio is concentrated in major technology players, offering investors exposure to established industry leaders. As of the most recent data, the top holdings include:
- Broadcom Inc. (AVGO): 5.29% allocation
- Meta Platforms Inc. (META): 5.18% allocation
- Microsoft Corporation (MSFT): 5.18% allocation
- Alphabet Inc. Class A (GOOGL): 5.16% allocation
- Motorola Solutions Inc. (MSI): 5.14% allocation
- Cisco Systems Inc. (CSCO): 5.11% allocation
- Palo Alto Networks (PANW): 5.09% allocation
These holdings emphasize the ETF’s focus on mature, revenue-generating tech giants.
Performance Comparison
Over the past year, the Harvest Tech Achievers Growth & Income ETF has delivered impressive results:
- 1-Year Capital Gain: 13.96%
- 1-Year Dividend Return: 7.49%
- Total Return: 21.45%
While these returns highlight its strong performance, the ETF also comes with certain risks. The fund’s beta of 1.56 suggests a higher level of volatility compared to its peers. Additionally, the stock is priced at a premium relative to its earnings, with a Price-to-Earnings ratio of 24.5, slightly above the sector median.
Conclusion
Harvest Tech Achievers Growth & Income ETF (HTA:CA) presents a compelling choice for investors seeking exposure to leading technology companies while benefiting from consistent income. Despite its slightly elevated volatility and premium valuation, the ETF’s superior total and dividend returns make it an attractive option for growth-focused investors with a tolerance for risk.
As the tech sector continues to drive global innovation, HTA:CA remains well-positioned to capitalize on these trends, providing a balanced blend of growth and income for its stakeholders.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
